It’s never too early to teach your kids about savings. We should all be saving regularly (yes I know way easier said than done) and showing your kids the value of saving is a life long lesson they will appreciate one day.

There are many different ways to teach young children about saving and it can be very overwhelming. I started early with teaching my kids to save for something specific. We started with saving for our first Disney trip as a way to introduce the concept of saving money. We checked out a Savings Goal Calculator to see how long it would take us to save to get to Disney. Once you have your goal all planned out, there are many great resources out there that show you exactly Great Ways to Save for Disney

The calculator from Pigly helped break down what we needed to do to save. It’s a great visual to see the complete breakdown. Kids love visuals when you are showing them something new. We just put in how much we needed to save (cost of the trip) and it broke down how long it would take us to save up based on what we wanted to contribute. Showing the kids stops a lot of the asking for silly things. You know the little things that just seem to add up after a while. Simple reminders that we are saving for something special makes all the difference. Do we really need that toy or are we saving for something better? That worked great…until we got back from Disney!

Once you know how to save you can focus on the fun things about your trip and your goal! We let the kids plan what they wanted to do because they were an active part of saving for the trip. It was really fun and brought us together as a family. They were part of the whole planning from the money to the fun. I believe it meant more to them because they knew how much work goes into planning a vacation.

There are so many other things you need to teach your kids about saving but budgeting and saving for a fun family vacation is a great way to get them interested and involved with finances.

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