It’s always a good idea to let kids save money. Those who save their money will be more likely to do so as adults. Whether they get money from relatives around the holidays or they earn money for doing chores, encourage kids to put their money into a bank that eliminates temptation, such as from temptationlessbank.com.
Encourage Them to Save
Show kids that it’s better to save the money than to spend it at every opportunity. For example, one dollar can’t buy much. However, if they save that money for a month, they might have five dollars and that could buy a lot more. Plus, the little change that they find periodically can add up to be big amounts when it’s put into a piggy bank.
Give Them a Bank
Provide your kids with a piggy bank. This will give them a place to put coins and bills as they get them. When you give them something that they can keep in their room, it will be easier for them to save. Otherwise, coins and bills are likely going to go into a wallet or be spent immediately.
Don’t Let Them See the Money
It’s also important that you don’t let the kids see the money. If you get a glass piggy bank, they’re going to see the money accumulate. The temptation will be too great and kids will be more likely to take from it before they have saved up sufficiently. Additionally, you should eliminate the temptation to take from the piggy bank by making it hard to get inside.
Ultimately, if you want kids to save, you have to give them the right tools. At temptationlessbank.com, you take the temptation away because kids can’t see the money or get to it without using a saw to open it.