Teach Them How To Save

I am so glad that my youngest daughter has the initiative to save.

I gave her P 20.00 everyday as her extra allowance aside from the cracker and Yakult she brought to school for snacks. I gave her P 20.00 so if she have something she would like to buy, she have money to pay for it. However, later on I found out she is not spending it instead she save it. I encouraged her to save more so she can get the books she would like to buy. But it was last month that someone stole her money inside her wallet. She cried so hard because she saved that for my birthday. The guidance counselor talked to her about it. She was relieved somehow, she told me about it, scared that I will be mad. She was surprised because I did not, I mean she already had a terrible day at school and I do not want to add anything on her shoulder. I let it pass but I advised her to leave the money at home she saved at home, in that way it will be secure, she hesitated at first but she was convinced at the later time.

To inspire her, I always show how much money she already saved. She was happy to find out is getting bigger.

We joined the Binge Book Sale and she was able to buy Myths Busted 2 and The Warrior Cats. We paid for it out from her savings and yesterday after we claimed her report card, we went to Big Bad Wolf Book Sale and she bought Miss Peregrine Book and 2 Land of Stories.

Her books are a bit expensive, good thing we were able to join the two events that give us discounts and that she was able to afford it since she saved. So if you have kids her age, it is better to teach them how to save so they would know how hard it is to earn money.

If you want to get something, you must do some savings.

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