This weekend my girls learned about the rewards of saving their money. After years of saving ( 8 year old) and a lucky birthday (11 year old) my girls had enough money to make a large purchase, and decided to put their money together and buy an iPad mini. They have been so happy and feel so proud of themselves for purchasing such a great item. Up until now, they have spent their money quickly on small items, and don’t have anything to show for it. After this purchase, they see the benefits of saving.
As a parent, I am going to work harder at encouraging them to save. We still don’t have an allowance program set up, but perhaps we should. Do your kids save? Do you have an allowance or a way for them to earn money?