Teach your Children to Save Money 
Tip Sheet Credibility: 34
created by Rick Imby
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| While my children were living at home I required them to save half of their earnings. This taught them that they could live well on less than they were making. It also showed them how fast savings can grow if you work at it. Tip Credibility: 48 (Best Tip!) |
| Most parents do not teach their children to be responsible with money. Start them at a young age to enjoy saving money and it will be a lesson that will pay many dividends through the years. Tip Credibility: 19 |
| Taking my lunch to work instead of buying lunch saves me $3 to $8 per day. This is all I needed to start saving for my retirement. $5 per day or $150 per month has added up way quicker than I thought possible. Tip Credibility: 19 |
| Being gently active in your children's money. Let them have partial control over how they spend their money. As time goes on and they make better decisions let them have more control. Tip Credibility: 4 |
| Set Savings Goals for your children and get excited when they reach them.
The best way to motivate a human is random rewards of random sizes.
When they do something great in another area give them a savings bonus. Tip Credibility: 4 |
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