Here are some tips to help you encourage your children to - TopicsExpress

Here are some tips to help you encourage your children to save: 1. Consider rewarding children for regular saving (maybe giving them a bit extra if they save). 2. Help children to to identify short term goal to save towards. E.G the latest toy or video game they want. 3. Make savings interesting, Develop a savings plan or calendar to show when and how the goal can be reached or help children to hang up a picture of what they’re saving for. 4. Let children learn that they have to save up to buy something they really want. Don’t let them get into the habit of running to you every time they need more money. 5. Explain how dividends and interest work. When they put their money in a savings account, these savings earn more money at the end of the year. 6. When you open an account with us we give each child a piggy bank, watching this fill up can b reward enough for the children.

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