How to save money as a kid

On: 3:09 AM By: Buddhini 0 comments

Have you ever thought of collecting and saving money for yourself? Answer will be YES! but, a this big question would occur...

HOW?

And, That's why you're here. ;)

•   Pocket money is your greatest income
  
  

  

  From where does pocket money come? Exactly, from parents. But you’ll consider how.

1. Money your Mom hands you for your lunch or maybe to buy short eats
2. Money for bus fare

             Yes, but how can I use that money, I’ve already used them. But not again!

Without going to eat fatty-food or candy, which will make you unhealthy, you can keep that money.

             If it’s a short distance, you can go by foot too. It worth more than your bus fare and a super easy way to exercise yourself. Those kept money will make you rich someday.  

• Manage a piggy bank for yourself

 
             As a youngster you must have a till or a coin collector by now. It’s your own bank. And someday, will be your jackpot. You have many ways to add coins to your little bank.

1.     Change from bus fare
2.     Change from the tuck shop
3.     Ask your parents for petty cash

              Your present jackpot is your parents. Ask them for petty cash daily. They’ll be happy knowing that you have learnt to save money.

•  Start a savings account in a local bank 

 

           

           This step needs parents’ assistance. Ask for their help to find a good bank with a favorable interest for children. And start a savings bank then and there.

          That is not enough. You have to maintain your account balance. Once a week or twice a month you can add cash for your back account. 
          And be aware that some banks offer rewards for rich account owners ;) 
 

•  Don’t waste money unnecessarily
  
  
  

  

  
            This one is so very important. You should understand your needs and wants separately like an elder. Try to decrease your wants. Because wants take out your money without your knowledge.                                                                          
  

1. For clothing
2. For accessories
3. Other fancy things
4. Junk food and drinks

                   Advice yourself not to go for unwanted things but for needy things.

•  Have goals and achieve them
           
  
  

   
            Take a book and write your piggy bank and savings bank account’s balance and budget your next month balance. Simply, have a goal for next month. 
            You can also prefer weekly goals. And show your growth to your parents and they’ll surely reward you.
   
•  If can, sell your old stuff and get a profit  
  
               
  

                
                You can do this with the assistance of your parents. Think of the piles of newspapers you have in your house. You can take the wanted articles and sell remaining newspapers to newspaper shops. And put that money to your bank.
                And, then again the bags containing plastic bottles, ice cream containers and stuff you can return them to respective companies and they’ll give you money. You can think of other ways that will be helpful to grow up your money tree.  
• Help other while you can.
  
  

  

  
            This is the most important thing. There’s a saying;

  “ The more you give

     The more you get  ”

            You can find many needy people around you town. Collect your old but usable clothes, school bags, your childhood books, and other stuff and offer then without any hard feelings. 
            This good habit will do good for you in the end. No doubt of that.

         

•         Don’t waste time

         

                  Remember the golden equation

Time = Money

                  Wasting time means wasting thousands of opportunities to make money, save money. In the other hand, mastering time means, creating thousands of ways to make money, save money.

                  The best investment you to for yourself is,

“Educating yourself”

            Make “studies” your no.1 and other things will be just in order without any effort.

            And that’s what exactly millionaires do. ;) 


WARNINGS!

1.      Money is not bad, if used nicely and wisely
2.      Money is not everything. Don’t lose yourself chasing them.
3.      Expertise your good qualities. No matter what, be YOU!
4.      Don’t give up. Save money. Save your future.