Ian's Journal

Ryan's Journal

Lilypie Kids Birthday tickers
Lilypie Kids Birthday tickers

Woo Family

Friday, March 15, 2013

Piggy Bank

Make a trip to bank in their angpow money into the bank, surprisingly, there's a free piggy bank for each of them, so added up there're 4 for Ian and 3 for Ryan.

I think teaching kids about how to handle money responsibly is one of the most important jobs as a parent.  Good money management is about simply forming good habits, learning good savings habits is an important life skill.  The younger the kids learn about saving money, the better habits they will have for their life.  

I always encourage them to take birthday and holiday money and add it to the savings account.
  

I practice to have them to use part of their allowance to buy small gifts for family members, especially around birthdays or holidays.  I hope this helps them to learn how to share, love each others and as well as budget.



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