Each of us has a different style of parenting, as a mom I am responsible in teaching my son how to handle money or what is money all about. As early as 2.5 years old my son knew how to check the price tag every time he wants to buy something, he cannot buy more than three numbers in the tag if there is no occasion. I always remind him that he cannot get everything that he wants, he need to work hard for it or he need to be good so he can get a reward.
When he was three years old, his lolo gave him an alkansya that is made from bamboo, he is so happy every time that he has a coins. When he opened it his savings is Php 1, 100.00 since it’s his first time, I told him that he can buy whatever he likes.
Now he has a piggy bank, it’s not yet full but I told him that this money will be directly go to his savings account for his savings since he is now in grade 1, and it’s a long way to go. I must admit that there are times that it’s hard to explain it to him the value of the money since he is in the stage that he wants to get all the toys that he can see in youtube, but as mom I must be firm in teaching him how to be responsible in handling money.
Good thing Moneymax.ph sent me this one as guide in teaching my little kulit when he grow up he can understand this one, as of now I want to share it to you lovely mommies this one.
Thank you Moneymax.ph for this tip
About Me
Welcome to my space, my world! I’m Mommy Anna, a first time mommy, a wife, daughter, sister, and a friend.
Having a family, a working mommy and other woman duties rocked my world. I have a little time but a lot of things to do. My world is surrounded by my two boys (as of now), my family, my relatives, my office mate, my on line friends and my true friends. Each day I want to share and discover passion for things that makes them happy. Learning from my past experiences, I want to live life to the fullest, no holding back of anger. I want to be full of love.
My family loves Disney and has considered buying a timeshare near the park, but timeshares seem difficult to get rid of once you own. Fortunately, there are many sites online that can advise you on how to get out of timeshare. A company like Wesley Financial Group may also be able to help.
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We really need to teach our kids about money because financial literacy is a must. Yes, pag three digit, mahal. hehehe!
Good tips! Great that your son knows the value of money at such a young age. 😉
I liked this idea from Moneymax, easy way to convey the value of money to children. This is also the right age for the children to start collecting coins. Truth and I agree mommy, sometimes mahirap explain pero need matiis ang kids and para din sa kanila why need magtipid 🙂
correct 🙂 some kids kasi think money is easy to get lang
Love to hear stories about young kids who values money and gives importance to saving money. And so cute of the lolo to give bamboo alkansya. Grandparents, they say, often spoil their apos but the grandpa here imparts such valuable lesson.
yes sis, they are spoiler but they teach our kids the best values and lessons in life 🙂
I agree mommy. When I was a kid, I also have a piggy bank and early years of my life I already know the value of money. And now that I am already a mother, I also want my child to know the difference between “needs and wants” 🙂
when we are kids, we used to have our alkansya din and that money we are using to buy our own school supplies
It’s very important to teach them about money. I hope in time, I can also teach Nate properly on how to handle money.
Both of my daughters have their piggy banks and bank accounts, hopefully, that will be a good start for them to know the value of money. Thanks for sharing these tips! It will really help a lot! 🙂
Nice tips! So far I am teaching my toddler the value of hard work. She knows that her Daddy and I work hard to provide for her needs and to give her a bright future. Next, I will teach her to save. Right now she knows she should conserve water and electricity because I told her we have limited budget HAHA!
okay din yun mommy at least alam niya how to save din 🙂 si Little kulit ko kasi hind ko mapigil sa aircon pawisin kasi
My son’s still too young to understand the concept of “money” as it is, but he understands that some things are “affordable” while some are too expensive. He doesn’t really know how much is considered pricey, but at least he asks me first whether a toy, for example, is expensive or not before he asks me to buy it!
same here sis, I told him he can buy toy minsan if two numbers lang. mahirap kasi maibigay lahat
It’s really important for us parents to teach our kids how to be money-wise. This infographic is a great guide.
“Start them young,” that’s what they say. And I believe there’s wisdom in it. My husband and I also make sure that our daughter learns the value of hard work and money. We bought her a Hello Kitty coin bank. She puts every coin she gets from her Dad and the coins she picked from her walkway. Thank you for sharing! 🙂
Your welcome:-) same as little kulit every time he has coins straight na s piggy bank nya
This is a must! We must teach our kids the value of money and the importance of saving for the rainy day.
Anak, I will tell you all of these and remind you all the time. Thanks for sharing! 😀
This is pretty useful! I just made a blog post on how to save money for you and your kids! This is a great reference. Thank you! 🙂
I love the infographics. These days, kailangan talaga wais na sa money.
I agree we should teach our kids about money early on in life. It will ensure that they grow up to be responsible with their money.
Good parenting, we should start to teach children to save at their early age. I remember Im saving money before for my tuition fee. Whenever I have 200pesos ill go directly to the bank ahhaha
Agree with this! I’m also teaching my nephews and niece about saving their money.
What a nice infographic about teaching money to kids!
Relate much ako. I always tell my son how lucky he is compare with us. But that doesn’t mean he can have anything he wants. Gusto pa naman nya lagi bumibili ng toys. That’s why I always remind him that money is hard earned at hindi dapat gastusin sa luho lang. For now, he knows that he has money on the bank but he doesn’t know the value of money. Anyway, nakita ko sa Math book nya pag-aaralan na nila about Money value so malamang malalaman na nya yun piso ngayon ay halos wala ng mabili hehe.
One of the greatest things that a child should learn is how to handle money effectively and efficiently at a young age. It will help them to really think what matters most and what are the things that would waste their hard earned savings.
Very nice inforgraphic. It really is hard to explain a concept to kids unless they experience it first hand. Before when I take kids out, we would go walk around the mall. Sometimes, I would look at things and say I want this, and then return the item. I would tell my kids, “I cannot afford it kasi we need to save for food and also for the things you need in school.” 🙂 It works.
That’s a helpful poster by moneymax. I could just download it and study it when I can finally teach my daughter about finance and money. I do agree that it is important to instill to our kids on how to save and teach them the importance of money. Because if they don’t learn that in an early age, they might just spend everything when they grow up.
Loving the infographics that moneymax.ph sent to you! if only maalam na magbasa yung panganay ko I can show her this. The way I try to let her manage money at age 5 is to let her save up for her ‘surfing’ classes. She really really wants to surf when she’s a bit older, so I showed her how much the board and swimming classes will cost and she’s saving up in her piggy bank now. lahat ng barya na natitira after namin bumili ng baon nilalagay niya for her funds hehehe… the point here is that I made her realize the importance of saving up and the accomplishment of doing something for yourself by using her passion for something. 🙂
that is right, teaching a child is the best way for education. because youngsters learn very fast and most of the time, what they learn when they was a kid, are the values they carry until they grow up.. especially about money. we must all be educated, even the children.. that infographic is very informative, a simple but effective reminder of our duties to teach our children about money..
I love this post Sis, its nice to start early teaching our kids how important to save, earn and spent the money wisely. I also started with piggy banks for the kids. 🙂
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Yeees , how good to read that ! Nowadays kids do not know the value of money anymore , and they don’t appreciate it either, how could they?! It is up to good parents like yourself to teach the children things for life. I always love to read your anecdotes , keep it up please !
MoneyMax.ph made a great infographic. That is applicable though to those children who can already read. So a mom has to make her own approach when dealing with a toddler. I admire your approach. I do think I will follow your example when I become a mom in the far future.
My parents started to give me a bit of money when I was working good at school, so I could buy some candies or some cards. Then when I grew up, I got a weekly money for snacks and eating. Just the amount I needed for lunch, and a bit extra that I could save up. Slowly I learnt things like living on my own, paying the groceries and other stuff when I was a student. Then I started to work and learnt how to spend my salary, how to save it, how to pay bills and stuff. Now I’m on the road where I’ll soon learn loans for buying car/house etc. It’s difficult but the most important to know how to handle money. So many people don’t know how, and accumulate loans and ends up with huge debts. The most precious advises I got from my dad, was first, to not spent the money I don’t have yet, even if I know I should get some money soon. If I didn’t get my salary yet, I wait to have it until I can spend my money. I also prefer to put savings right when I get my salary, than in the end of the month. I put my savings first, so I know right away how much I have left for the month. For everything that may be expensive, I also prefer to pay straight away, my mind is in peace when it happens. No payments in 3,6 or 12 months for phones, sofas, etc. Things that may be expensive, I prefer to pay straightaway and have loan only for real expensive things like cars and houses. Finally, the most precious advice my father told me, is to always, all the time, have at least 3 months of salary ahead. In case anything happens, the minimum of 3 months of salary ahead on your current account (on top of the other savings) will prevent most of the bad things to happen
This is really helpful, not only for the kids but for the grown-ups as well. Lalo na sa akin, I’m a big spender lols. Thanks for sharing!
I think it is really important to teach kids about this matter.. it is really helpful to teach them on how to spend their money wisely at a very young age so that they can adapt the same habit as they grow up! Teaching them how to save money is a great step
My mom would always preach about saving and how I wish I really learned how to save efficiently before. Owning piggy banks was like something cool back in the day. Plus, it teaches kids to be independent and hardworking.
It is very important to teach our kids about money because it will become a habit as they get older.
This post reminds me of Proverbs 22:6 King James Version (KJV) “Train up a child in a way he should go: and when he is old, he will not depart from it.” Your way of teaching your kid was like the way our parents taught us to when we were young. I always remember when I saw someone of my age who has a bike and I asked my parents for it. They said that if I want it, I should work for it. Every time I completed a task, they will give me money and I will put it in my piggy bank. After several months, I was able to save 500 pesos. I did not know how much was a bike that time. My parents took my money and bought me a bike. Since then, I always save money. My parents also taught me that whenever I buy things, I should think many times if it is really needed or not. If it is needed then, buy it, otherwise, don’t.