Tuesday, January 1, 2019

Teach Kids about $ -- Start Saving 1¢ a Day

It's never too soon to start kids on the road to learning about money.  There are some easy ways to do this just using pennies to start.

Challenge 1:

Save a penny everyday.  When kids are young even pennies seem important.  Place a penny in a bank or other container everyday and watch them add up by week, month and year. Kids will appreciate seeing the volume of coins as it grows.

Challenge 2:

Increase the amount by +1 everyday.  On the first day put in one penny, on the second day two, on the third day three.  In a year you will have $667.95.  Pennies really do add up!

For each challenge you can have kids keep a weekly balance sheet to show how much you have saved.