Teach kids the value of saving

"Saving even a little bit of money on a regular basis pays off,” Buffett says in his secret Millionaires Club.


"Instead of spending money on a soda, which you don’t really need, put it in savings, and it will make even more money for you by earning interest.”

As soon as kids are old enough to understand the concept of money and where it comes from, the next step is to introduce the value of saving.

A great way to do this is to get them involved.

Set up a new piggy bank or even a savings account and get them earning some coins in return for chores.

It would even be valuable to set a savings goal — think of a new toy — and have them work towards it.

It wouldn’t take long for them to make the connection between earning, saving, and reaching a financial goal — being able to physically see the amount add up would be very valuable.

Some apps even let you assign chores, set up automatic deposits for their allowance, and even deposit parent-provided interest.

They’ll be able to see how much money they’re making and saving while you’ll have complete control over how much they can spend with the card and where.

RealRenta has all the tools that a property manager has, but at over ¼ the cost of a property manager.

Join now and the cost is less than a cup of coffee a week to manage your rental property

RealRenta also has a free vision, so why not check it out

Jason Gwerder
Wednesday, 11 August 2021

Join our mailing list Receive Free Property Tips and news

Now Partnered With


Contact Us

1300 11 RENT (7368)