7 Tools To Make A Kid Financially Strong
Visit to the bank
Kids love to act like elders as much as elders love to go back in time and become kids again. A mere sense of responsibility excites children and a productive way of using this human phenomenon is to take them to bank and open a savings account in their name. The feeling of possessing an account in bank would be enough to raise a sense of responsibility in the kids and would encourage them to save money.
Maintaining one’s bank book
Another motivational way for kids to save money is to let them calculate their savings and maintain their own bank book. This would allow the kid to see for himself how his money is growing and would instil a feeling of responsibility. Kids who are old enough to do the simple math would not only maintain their own bank book but would also be interested to make simple investments to grow their money.
Read More:
