#3. Five Tips on How to Teach Your Kids to Save Money by Titus Maduwa

A lot of teens nowadays do not understand the value of earning and spending money. They were not oriented that investing is necessary even if they are still students. As parents, you play a crucial role in this area. 

You should be able to teach your kids how to save money. They should be able to understand the concept of money and investment as early as childhood. This will prepare them to learn money management, as they grow old. 

Here are some tips on how you can teach your children how to save money:

1. Your children should be educated on the meaning of money. Once your children have learned how to count, that is the perfect time for you to teach them the real meaning of money. You should be consistent and explain to them in simple ways and do this frequently so that they may be able to remember what you taught them.

2. Always explain to them the value of saving money. Make them understand its importance and how it will impact their life. It is important that you entertain questions from them about money and you should be able to answer them right away.

3. When giving them their allowances. You need to give them their allowances in denominations. Then you can encourage them that they should keep a certain bill for the future. You can motivate them to do this by telling them that the money can be saved and they can buy a new pair of shoes or the toys they want once they are able to save.

4. You can also teach them to work for money. You can start this at your own home. You can pay them fifty cents to one dollar every time they clean their rooms, do the dishes, or feed their pets. This concept of earning little money will make them think that money is something they have worked for and should be spent wisely.

5. You can teach them to save money by giving them piggy banks where they can put coins and wait until they get full. You can also open bank accounts for them and let them deposit money from their allowance. You should always show them how much they have earned to keep them motivated.

Money and saving is not something that is learned by children in one sitting. You should be patient in teaching them and relating the value of money in all of their activities. Children will learn this easily if you are patient and consistent in guiding them and encouraging them in this endeavor.

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# 1 International Author Titus Maduwa

Don't Die With Your Dreams Still Inside You

I write and talk a lot about dreams. Primarily because I know we serve an awesome and amazing God, who gave us dreams for an awesome and amazing purpose. We all have a dream to do something great, go somewhere incredible, achieve the unachievable, beat the unbeatable or meet the "unmeetable." Unfortunately, more often than not, most dreams remain unrealized; silenced by fear and doubt. What's needed is a renaissance to recapture the spirit and belief we once had as children. 

We need to remind ourselves in all that we desire to be, have and do... "I can, if I believe I can."
My aim is to inspire as many people as possible to passionately pursue and do their dreams. Revitalize your dreams. Start today. Don't just dream; dream BIG dreams! Put them in your heart, then put them on the wall, refrigerator, mirror ... wherever you'll see them often. Remind yourself you are more than worthy of everything your heart ever imagined. Believe, then diligently commit to a plan to achieve.

Resolve to live a life that ends the way you want it to; and don't you dare, I say don't you dare... die with your dreams still inside you.

Fran Briggs is the founder of The Fran Briggs Companies and is "a motivational speaker of the inspirational kind." She is the author of several articles, manuals and books including her latest, "Seeds for Success." This prominent voice of motivation speaks to audiences of children and adults of all ages and backgrounds with the aim of inspiring them to their respective levels of greatness. 

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