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Teach the value of saving to your child

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7 to 11 years

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Teach the value of saving to your child

The concept of saving when taught to the child at an early age helps the childeffectively deal with his/ her own finances going forward. But if you are wondering when to start teaching your child about saving and how to go about it, this blog, written by our expertsand inputs from Franklin Templeton Mutual Fund, will give you a clearer idea.


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Shikha Batra

| Sep 06, 2017

an interesting read . the suggested tips which I found really useful is 'curb impulsive buying'. this is what I even practice at home. whenever my girls, demand something just because their friends have it, I suggest them to save for a month and then go ahead with the plan, but with a rider that money would go in their piggy bank only for good behavior and confirming to rules laid down .hope this helps!

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Blessy Mathew

| Jul 08, 2017

vinformative

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Anitha Krishna

| Apr 05, 2017

Very informative.

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Ritu Chawla

| Dec 06, 2016

very good article. I will note the points and start

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Bhumika Goradia

| Jun 15, 2016

Very nice suggestions

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Sarthaj Sheikdawood

| Jun 15, 2016

nice inform

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Sumaiya Ismail

| Jun 15, 2016

I'm already following these points. it helps to check whether everything is going on fine

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POOJA KATARUKA

| Jun 15, 2016

Very nice I will start with my kids to understand the value of money

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Preeti Choudhary

| Oct 20, 2015

It is very necessary for children to understand the value of money from the childhood age n to teach them is our main Moto....

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Geetha

| Oct 09, 2015

My kids started own saving.

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Neha

| Dec 01, 2014

Take them to market n give them budget. They wud understand

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shalini

| Nov 20, 2014

great info

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Reena

| Nov 11, 2014

this is really helpful.. thanks for sharing :)

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Snehal

| Oct 09, 2014

Useful tips

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Nikita

| Oct 01, 2014

Nice article

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Surabhi Chatterjee

| Sep 29, 2014

Getting a piggy bank for kids is an excellent way to teach children about the value of money and the importance of savings

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Megha

| Sep 26, 2014

Take your child with you to bank or ATM

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Ishita

| Sep 23, 2014

Parents need to teach their kids about money and how to properly save it.

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Shilpa

| Sep 18, 2014

good information

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Rajat

| Sep 16, 2014

i have gifted them a dairy and have asked them to write watver amount they spend ...its a great exercise to inculcate the habbit of saving and understanding challneges of parents.

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Hitesh

| Sep 12, 2014

piggy bank is a good idea,, i will also buy it for my kid

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Rachna

| Sep 09, 2014

I bought a small piggy bank . now my child atleast understands the concept of saving.

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priyanka

| Sep 09, 2014

Shikha Batra and @mamta have you invested ?? My sister did .i shall share her feedback.

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Rashi

| Sep 09, 2014

The habit of saving in children is really very important, it help them become responsible person

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Drishti

| Sep 09, 2014

In today's scenario where prices are getting higher and higher, it has become important to instill the habit of saving in our children from very tender age.

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Mamta

| Sep 09, 2014

Shikha Batra agree with you. But these days children are really demanding. New day new demands.

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Hema

| Sep 09, 2014

children should be taught value of money from their childhood.

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Shikha Batra

| Aug 28, 2014

Quite an informative article! Thanks for sharing such useful tips!

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