<![CDATA[How do you educate your child on savings?]]>

licej\" post_id=\"2125482\" time=\"1703364466\" user_id=\"203619:

I know there are also books about financial planning for children, they are written in a plain language. I'm thinking about buying one for my son. Does anyone have recommendations?
How old is your kid?

]]>https://forum.kiasuparents.com/topic/96440/how-do-you-educate-your-child-on-savingsRSS for NodeSun, 26 Apr 2026 17:28:58 GMTSun, 24 Dec 2023 07:58:30 GMT60<![CDATA[Reply to How do you educate your child on savings? on Sat, 23 Dec 2023 20:47:46 GMT]]>I know there are also books about financial planning for children, they are written in a plain language. I’m thinking about buying one for my son. Does anyone have recommendations?

]]>https://forum.kiasuparents.com/post/2125482https://forum.kiasuparents.com/post/2125482Sat, 23 Dec 2023 20:47:46 GMT<![CDATA[Reply to How do you educate your child on savings? on Mon, 13 Nov 2023 23:30:06 GMT]]>

lexid\" post_id=\"2122602\" time=\"1699898922\" user_id=\"202379:

I usually show my own example. I engage my daughter in financial planning. They see how to calculate and how we can save. Btw, I really like the idea of playing financial planning games, thanks for sharing!
Nothing beats real life examples. Give them slightly more than what they need so that they can learn to keep and save money everyday and watch their savings grow.

]]>https://forum.kiasuparents.com/post/2122605https://forum.kiasuparents.com/post/2122605Mon, 13 Nov 2023 23:30:06 GMT<![CDATA[Reply to How do you educate your child on savings? on Sun, 01 Aug 2021 08:53:49 GMT]]>MONEYSENSE FOR YOUR CHILD

https://www.gevme.com/owcl-moneysense-for-your-child-99590289
Suitable for parents of preschoolers aged 3 to 6, primary school goers aged 7 to 12 and secondary school children aged 13 to 16. Aims to teach participants the importance of inculcating good financial habits from young. We will be sharing and modelling healthy financial habits and budgeting techniques.

]]>https://forum.kiasuparents.com/post/2032515https://forum.kiasuparents.com/post/2032515Sun, 01 Aug 2021 08:53:49 GMT<![CDATA[Reply to How do you educate your child on savings? on Fri, 19 Feb 2021 12:43:21 GMT]]>Money Smart Parenting Unlock the Secrets to Help Your Child Win Financially

https://www.money-talks.sg/events

]]>https://forum.kiasuparents.com/post/2015278https://forum.kiasuparents.com/post/2015278Fri, 19 Feb 2021 12:43:21 GMT<![CDATA[Reply to How do you educate your child on savings? on Tue, 09 Feb 2021 23:43:07 GMT]]>Financial Literacy Talk for Children

https://www.eventbrite.sg/e/financial-literacy-talk-for-children-adventure-with-smiley-registration-135256518889

]]>https://forum.kiasuparents.com/post/2014628https://forum.kiasuparents.com/post/2014628Tue, 09 Feb 2021 23:43:07 GMT<![CDATA[Reply to How do you educate your child on savings? on Thu, 28 Jan 2021 08:23:04 GMT]]>Saving for the future is very important. I am now making sure my kids understand this as well.

]]>https://forum.kiasuparents.com/post/2013493https://forum.kiasuparents.com/post/2013493Thu, 28 Jan 2021 08:23:04 GMT<![CDATA[Reply to How do you educate your child on savings? on Fri, 01 Jan 2021 13:29:09 GMT]]>I played this financial planning game called Wonga Mania with my two dds before. It was very fun and educational, enjoyed by both young and old (like myself haha). You all may consider!

]]>https://forum.kiasuparents.com/post/2010456https://forum.kiasuparents.com/post/2010456Fri, 01 Jan 2021 13:29:09 GMT<![CDATA[Reply to How do you educate your child on savings? on Sat, 26 Dec 2020 15:26:10 GMT]]>We would purposefully tell them how much everything cost. Bring them along when we do charity and volunteer work. Show them how others would live.

]]>https://forum.kiasuparents.com/post/2009764https://forum.kiasuparents.com/post/2009764Sat, 26 Dec 2020 15:26:10 GMT<![CDATA[Reply to How do you educate your child on savings? on Thu, 03 Dec 2020 11:20:45 GMT]]>Financial Literacy Amazing Race

https://www.facebook.com/marineparadecluster/posts/4685865284817073

]]>https://forum.kiasuparents.com/post/2006735https://forum.kiasuparents.com/post/2006735Thu, 03 Dec 2020 11:20:45 GMT<![CDATA[Reply to How do you educate your child on savings? on Sat, 20 Jun 2020 10:27:57 GMT]]>Thanks for the great tips! Children has to be encouraged to save money, we never know what the future holds for them.

]]>https://forum.kiasuparents.com/post/1981576https://forum.kiasuparents.com/post/1981576Sat, 20 Jun 2020 10:27:57 GMT<![CDATA[Reply to How do you educate your child on savings? on Sun, 07 Jun 2020 00:55:45 GMT]]>There seem to be 2 parallel threads started by the same person. Can the mods merge them?

]]>https://forum.kiasuparents.com/post/1979834https://forum.kiasuparents.com/post/1979834Sun, 07 Jun 2020 00:55:45 GMT<![CDATA[Reply to How do you educate your child on savings? on Sat, 06 Jun 2020 14:10:20 GMT]]>When my boy was a preschooler & crazy about Thomas the Train, I decided one day that I wouldn’t simply fork out the $15 or so for each die-cast model that he wanted to add to his collection.


I told him that from now onwards, I will give him $1 per day as allowance. If he wants to buy any additional train, he can save up to buy it. Two-fold benefit: he learns patience/how to delay his gratification. And he learns the satisfaction of saving up to buy sthg with “his own money”. Includes bringing the coins to the shop, choosing the toy (comparing prices etc) & giving the money to the cashier, like a “big boy”.

After a while, I noticed that the cravings & the tantrums for new toys simply diminished. The having to “work” to save up for the luxuries must have done sthg to change his attitude towards unnecessary spending.

He still saves up his daily allowance & CNY/birthday ang pow money dutifully. And he only spends it on worthwhile things, stuff that he has thought carefully about. These days it tends to be books, but also selective ones. Or donations to causes that he cares about.

]]>https://forum.kiasuparents.com/post/1979808https://forum.kiasuparents.com/post/1979808Sat, 06 Jun 2020 14:10:20 GMT<![CDATA[Reply to How do you educate your child on savings? on Sat, 06 Jun 2020 12:00:54 GMT]]>

Cokiemumster\" post_id=\"1979774\" time=\"1591437882\" user_id=\"184331:

maybe an encouragement or advise that will motivate your child in saving? since they still could not appreciate how saving could benefit them since they still don't have any obligations, I've read somewhere that parents could match the amount their child sets aside in a day. e.g., they're able to save $10, tell them you could also give him $10 so his savings will then become $20.
For younger kids, just helping them increase the amount isn't that useful, I feel. It can just make the child fixate on accumulating. Teach the child to budget - how much to spend on each category, and how much to save. Let him set a target for some way to spend part of the savings - towards a book, or a toy, a present for a sibling, etc. Then he can see that savings has a tangible reward. A 1-for-1 deal to help increase the amount would then make the \"reward\" for savings come more quickly, which is helpful for younger kids.

]]>https://forum.kiasuparents.com/post/1979798https://forum.kiasuparents.com/post/1979798Sat, 06 Jun 2020 12:00:54 GMT<![CDATA[Reply to How do you educate your child on savings? on Sat, 06 Jun 2020 10:04:42 GMT]]>maybe an encouragement or advise that will motivate your child in saving? since they still could not appreciate how saving could benefit them since they still don’t have any obligations, I’ve read somewhere that parents could match the amount their child sets aside in a day. e.g., they’re able to save $10, tell them you could also give him $10 so his savings will then become $20.

]]>https://forum.kiasuparents.com/post/1979774https://forum.kiasuparents.com/post/1979774Sat, 06 Jun 2020 10:04:42 GMT<![CDATA[Reply to How do you educate your child on savings? on Sat, 06 Jun 2020 01:55:02 GMT]]>There is a thread on "Pocket money". Have a look there.

]]>https://forum.kiasuparents.com/post/1979707https://forum.kiasuparents.com/post/1979707Sat, 06 Jun 2020 01:55:02 GMT