The Importance of Saving Money

Saving money is a good habit and children should be taught to save from a very young age.Children can be taught to put a small part of their pocket money into their saving box.When children save money to buy something they like,they will value that item more.They will also learn the value of money if they are paid for work.Children should be paid some money for doing work.This will teach them responsibility,as well as,help them earn some money.When children start having money of their own,they should be taught to write down their accounts.They should note down what they have earned and what they spend.When they list down items that they have bought or wish to buy,they will think carefully before spending their money.