Teaching Kids to Save with Purpose

At 316 Financial, we believe that financial literacy for children isn't just a nice-to-have — it's essential. Teaching kids how to save money builds a strong foundation for lifelong financial responsibility and wise stewardship.

That’s why we’re celebrating National Teach Children to Save Day: a nationwide initiative dedicated to helping kids understand the value of money, the importance of saving, and how to develop smart money habits from an early age.

Why It’s Important to Teach Kids About Money Early

Just like planting a garden, teaching children about money requires time, patience, and consistency. But when we introduce saving and budgeting at a young age, we equip them with tools to become confident, generous, and responsible adults.

Easy and Engaging Ways to Teach Kids to Save

Want to know how to teach your child to save money? Here are some fun and practical ideas to get started:

• Tell a Story
   Kids learn through storytelling. Share personal experiences about saving for something special or learning how to manage your money wisely.
  
  
• Use the Jar System
   Label three jars: “Give,” “Save,” and “Spend.” This visual method helps children understand basic budgeting and the purpose of each dollar.
  
  
• Make It a Game
   Use play money, savings apps, or board games like Monopoly Junior to introduce concepts like earning, spending, and saving in a fun and memorable way.
  
  
• Celebrate Milestones
   Whether they save $5 or $50, celebrate the achievement! Talk about the next goal and how they might reach it — this reinforces positive saving behavior.

Raising Financially Savvy Kids Is About More Than Money

Saving is more than just a financial skill. It’s also a form of intentional stewardship. When we teach children to save, we’re helping them grow into wise caretakers of their resources and blessings.

Additional Resources for Teaching Kids to Save

Looking for more ideas? Check out the Consumer Financial Protection Bureau’s Activities for Kids. You'll find free, age-appropriate resources to help build financial literacy at home.