Easy Ways to Teach Kids to Save Many teens nowadays don't realize the importance of earning and spending. These people were not oriented towards the need to invest even if they are still students. Being a parent, you play a vital role in this region. You should be able to teach your children how to spend less. They should be able to understand the technique of money and investments from childhood. This will likely prepare them to learn how to manage their money as they get older. Parents especially complain that teenagers tend not to listen to them. The opposite is true when it comes to advice regarding “money matters.” Teens actually appreciate their parents' input regarding their finances. In previous years, teenagers have earned billions of dollars with large amounts of summer jobs. Some spent nearly everything they earned, while others saved most or even all of it toward a large purchase and their college education. Children today have become increasingly aware of their family's income stream and financial situation. They apply these spending principles if they venture independently. So, it may actually be a father or mother's responsibility to start “training” their teenagers to work wisely with their funds. With all your lifestyle, children will see how you spend your hard earned money. If they help you allocate a percentage for any specific household need, they will eventually do the same when they are able to earn a living. So, always reveal to them the importance of saving money. Make them understand its importance and the impact it will have on their life. You need to simply entertain questions from a piece of paper and learn how to save money by giving them piggy banks where they can put coins and wait until they fill up. You can also open bank accounts for children and allow them to deposit money from other allowances. It is better to simply show them how much they have earned to keep them motivated. Money and saving are not something children learn in one sitting. You have to be patient in teaching them and relating the value of cash to their activities. Children will easily discover this if you are patient and consistent in guiding and encouraging them in this endeavor.