The Future

Teaching Children About Investing

How do we make children’s savings goals easier to understand?

Experts in child financial literacy believe that, in order to teach children to save, parents should give them easily attainable savings goals, such as saving specifically to buy a toy, game, music, or a computer application. One expert at www.Kiplinger.com suggests showing a child a photograph of the desired item to make the savings goal more tangible. As a child grows, it is important to show him bank statements, so he can begin to see how his money grows in a savings account. Finally, it is essential to let the child spend the money he has saved, so he can start the process over again.



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