Recently, I was looking at my child and realized, I may actually be doing something right.  I by no means claim to be a perfect parent.  I make PLENTY of mistakes and I freely admit to that.  We are too much alike not to butt heads, and boy oh boy, do we!

However, one thing that I do not compromise on is finances.  Since she was 6 years old, I’ve taken her to the bank to make deposits into her savings account.  I no longer go up to the counter with her, like I did when she first started.  I wait my turn with another teller.  She goes up to them and says, “I want to make a deposit into my savings account.” The first time she did that on her own, the teller looked around for an adult, lol.  I waved and let them know that it is her account, therefore her business.

With birthdays and holidays, come checks from family members.  If there is something that she really wants, she will save that money until she has enough.  I do also ask her to try and put some money away, but it tends to be change that I’ve left around, that she gets her hands on, to deposit.  I tell her only pennies and nickles, the rest are mine!

I think by showing your children from an early age that saving money is important, they will grow up to appreciate that value and understanding.  I know my child appreciates the things that she has bought on her own, because it would be wasting her money if something were to happen to it.  Looking at some of her things?  You would never know a child owns it.  It is in that great of condition.  Most likely better than my own items!

Do you teach your child the value of a dollar?  Do they save or does it burn a hole in their pocket?