Birth - 5 yrs

• set up a savings & a spending account at the bank.  
• some is saved, some is spent each time they receive
• put a little money in every week or month.  Every little bit helps.

3-5 YEARS

• talk about saving in a positive way
• make your child feel proud to reach savings targets

6 - 9 years

• your child can earn a weekly allowance
• teach the relationship between work and money
• help your child set saving goals:
• write their goal and a plan on paper & place it in a prominent place
• want a new video game?  save $2 a week for 10 weeks!  

10-15 years

• educate your child about the objectives of advertising
• lead by example and show your kids that you save
• let your children take part in a small part of budgeting
• let your child budget their birthday party.  You set the limit. 

TEACH YOUR KIDS TO SAVE

16-18 yrs

• work on larger savings goals e.g. car
• many countries and states allow kids above 15 to work  
• casual jobs teach teens lifelong skills
• match saving 2 : 1 or something similar
• find a savings goal which excites your teen.  Gap year overseas?