Children Go On Banking!

Teaching children to save money isn't easy. They usually want to spend money once they receive it. Giving them a piggy bank  usually do the trick. My children feel so proud when they are able to put their coins in theirs.

Then open a kiddie account for them. Find a savings account for them to deposit all their coins and let them watch their money grows. You can look for an account that doesn't have monthly maintenance fees or minimum balance requirements or the lowest you can afford. In addition, make sure there is no limit on the number of small deposits. Also watch out for banks that charge fees for inactive accounts and read all the small print before opening the account.

METROBANK FUN SAVERS CLUB

We chose Metrobank Savers Club for its many features. Though it has a minimum P500  requirement, it gives more than just interest on saved money.  It comes with a P50,000-educational trust fund that your kids get as a beneficiary in case of accidental death of a parent or guardian. They also give the parent or the guardian a free personal accident insurance worth twice the average daily balance (ADB) of the month prior to the month of the accident, not to exceed P1 million. Other benefits include a welcome kit that comes with a membership card that gives your kids privileges in some establishments. Your kids will also receive greeting cards on their birthday.

Life is getting harder. 

Let's encourage our children. 

Let them fill those piggy bank to the top!


:)

Money Lesson For Kids

Kids must learn money spending. And this lesson should come from the parents. If not... they gonna turn on television or friend or the internet.  The thing they could learn from them is spend, spend, and spend.

Liana, my daughter, used to ask to buy her toys she want to have. But what a price! There are something in children today that tell them what are the branded ones. And they won't settle in lesser brand but with more affordable price. 

I explained them that we are gonna be short of other things if we always buy every toy she wants to have. By telling them what are more important things to have like our food  (of course they don't want to starve), electric bills (they had experienced how bad it is during power failure) and the likes, makes them understand. Kids now are bright and can apprehend more if we explain.

I told my daughter that we can have the toy if she will save some money for it. I require her to save part of her allowance in her piggy bank. And she did. While still in school, she has a daily allowance. Aside from her sandwich and juice or cold water as she always prefer to drink,  she also got herself P20. She was in her 3rd grade then. She learned how to budget her allowance by not spending much.

We should teach our children how to spend money wisely. They should know how to save. How to budget. If you don't show them how, no one will!

BILLS! BILLS! BILLS!

Another monthly dues. Electric bills. Water bills. Phone bills. Almost everything are going higher and higher. From meat in the market to vegetables. 

Cutting some of our needs and things we used to do are necessary in this hard times.

But not the quality time for your kids. My wife and I see to it that as we try to lessen some spending, we still enjoy our family ties. 

So instead of going to mall on weekends, or eating to their ever favorite Jollibee, we thought nature as good playground for them. We took them to the garden. We asked them to collect some stones, leaves and dried branches. We talked about size, shapes and texture.

With these, they also increased their vocabulary because we uses new words to describe what they saw and felt like smooth, rough, soft and hard, tall and short.

They became aware of their surroundings. They enjoyed watching the small butterflies that flies from one flower to another. Beetles and bugs in plants. Different insects in the ground. They even noticed the singing of the birds and the wide blue sky. We even played telling what animals or objects the clouds formed. 

See. It's enjoying simple natures with your family without spending much money.


:)