When children are young, you can start teaching them to distinguish the value of different coins, and then you can prepare a piggy bank for your children and teach them how to put the coins they usually collect in the piggy bank. There is a substantial piggy bank, which can let children clearly feel where the money is stored, and actually see and feel the accumulation of money.

2. Help children develop the habit of saving money.

When the child is older, you can take the money out of the child's piggy bank and take the child to a bank near your home to open a special account for the child. The benefits of opening a bank account, in addition to letting children really know where the money is, can also let children really feel that money deposited in the bank can earn more money and understand what interest is.

3. Help children set their own goals

Children who save money may want to spend money. Once the children have their own piggy bank or account, they can start to discuss with them how to use the money. First teach them how to know the difference between what they need and what they want, and then let them write down what they want and when they want it. For example, I want a telescope before the end of summer vacation, or I want a bike before the end of next year. This practice can make children have a clear goal of saving money.

4. Give children pocket money scientifically and reasonably.

Many parents think that children have nothing to do with money, and they have no ability and do not need to manage money. Children need money, tell their parents. Parents are willing to give, and they are unwilling to give. The money is entirely in the hands of parents. This concept is actually incorrect. Giving children pocket money can help them get to know money early, and also help them form the habit of saving money from childhood. It is a good tool to help children realize their sense of responsibility as soon as possible. Of course, the pocket money given to children must be moderate. Too generous or too spoiled may hurt children.

5. Help children learn to allocate money reasonably.

When children's pocket money is less than what they want to buy, they can be asked to give priority to what they want to buy, so that children can learn how to choose and understand that many times they can get all the things they don't want. Usually take your child to the store, or you can let your child choose only one thing he really wants among many commodities. When children are faced with many toys or sweets, it is often difficult to choose or want to take more. At this time, parents must tell their children that they can only choose one. Gradually, children will learn how to decide.