Family Activity 2: Set a Savings Goal
Prepare for this activity by reviewing these important tips for tips for talking to your kids about money. Begin by talking with your child about the importance of saving for the future. Make saving relevant to your child by helping him or her identify a savings goal as well as strategies for reaching that goal, such as cutting short-term spending and setting aside a certain portion of all money he or she receives.
Set a Savings Goal
When you have discussed saving, help your child identify and record a savings goal on the Family Activity 2 printable (PDF): "Set a Savings Goal." Then cheer your child on as he or she works toward the goal. Don't forget to track your child's progress on the activity sheet. When your child has saved the full amount, help him or her make the purchase.
Now Try This
Now that your child has recorded a savings goal, teach him or her about the value of a savings account. Children may save money in a piggy bank, but they won't get any interest that way. The Bonus Activity 2 Printable (PDF): "Superheroes Save" can help explain to your child how putting money in a savings account can pay off. After you've completed the "Superheroes Save" activity, encourage your children to think about his or her personal savings goals with the Kids Save activity printables (see links below).
- Bonus Activity 2 Printable (PDF): "Superheroes Save"
- Kids Save Activity Printable (PDF): "Save Responsibly" (Ages 6-8)
- Kids Save Activity Printable (PDF): "Save Responsibliy" (Ages 9-11)
More Family Activities
Continue developing your child's money smarts with the following family activities:
Family Activity 3: Talk About Sharing
Family Activity 4: Be Smart About Spending