How to Create Money Savvy Kids

If the thought of supporting of your adult child financially gives you heart palpitations, this one's for you!

So many young people have no idea how to manage their money. They're up to their eyeballs in debt and live from hand to mouth. And of course mom or dad acts as the local ATM.

Saving is not part of their vocab and "investing is for old folks!"

How do you ensure that your child can fend for herself financially?

I believe that the mind is a powerful thing.

If you can create good money habits in your child from a young age, those habits will stick! Especially if you make learning about money fun and allow her to benefit from it.

Cement positive associations around earning money and saving for something your child wants by giving her a fantastical reward once the savings goal is achieved.

I believe that you'll set a foundation around setting financial goals, perseverance, working for what your child wants, and saving and investing money to achieve those goals.

This nine year old young lady and her sister are keen savers.

Her mom downloaded my R5 and R10 savings challenges in the beginning of the year and she got stuck in and has saved over R3000 so far!

Her savings goal (very important) is to visit friends in Europe with her folks, so she diligently squirrels away those R10 notes and R5 coins.

In a voice note she sent me, she excitedly shared how she and her little sister sold cookies so that she can put the money they made towards the new savings challenges for kids I sent them to try out.

These savings challenges for kiddos are available in my shop. (click here to download)