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The constant challenge of teaching our kids the skills of saving money

Paul Ryan | May 31, 2018

Each year kids go back to school and there is so much excitement about new activities and opportunities, new friends and the need to connect socially, new sporting endeavors and new school uniforms.

All of these activities cost money and unfortunately, sometimes the trees don’t grow as quickly as the kids’ needs or wants.

Teaching the kids the value of money is so important. It always has been but something tells me its relevance is of even more importance than in previous generations.

When you start your working career you get paid a salary. So how can we teach our kids the value of money and what’s required to earn it?

Whether the kids get some part-time work or complete chores around the house to earn pocket money, it is important as parents we set some guidelines in how the money can be spent.

A good friend of mine set the ground rules for his 16-year-old daughter when she got part-time work. She could spend 50% of what she earned but the remaining 50% had to be deposited into a savings account.

This is just one of many examples of how we can teach our kids the value of saving.

If you feel comfortable sharing your family strategy we would love to get your feedback in the comments section below or simply ask me a question


About Me

Paul Ryan

Current Rating: 4.86 / 5
North Sydney, New South Wales
0412 977355
Founder of Today's Tale

Today's Tale is a sports platform that enables individuals, sports clubs and sporting communities to collaborate, promote their sport and commercialise their content.

Irrespective of your place in the sporting landscape the platform is open to all individuals, sports media, clubs, associations, schools and governing bodies to share sports stories, experiences, news, profile interviews, match results, videos and podcasts.