National Teach Children To Save Day - Changes Annually

Each year, National Teach Children to Save Day encourages children to learn good saving habits.

Every year, bankers around the country volunteer to teach children how to save. Starting these habits at a young age builds a foundation for a lifetime of investing.. Our children are preparing for a prosperous future by involving our children with a savings plan and money management skills. Parents should educate their children about financial issues so that when they step out into the world, they avoid financial difficulties that can be financially devastating. Children will have healthy habits as they enter adulthood with an early start on saving and an understanding of budgeting their money.

Tools and information are available at events around the country. The day provides tools and information through events.

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Find an event near you
You can also start at home with activities that encourage your children to save money
Help your children learn the skills they will need for a lifetime.. To get started, try these tips.
Give each child a bank account. It helps if the bank is open so people can see their savings grow
Open a savings account. They can track their account and watch it grow there as well.
Show them what things cost. Direct your children to their savings if they want a new toy. Ask them to consider whether or not toy is worth the money they want to spend. Have the child's price if they still want to buy the product. The act of paying with their own money will show them the toy's cost..
Demonstrate need rather than want. Explain how our food, clothing, and shelter are essential. However, we can live without going out to eat or buying a new television or the latest smartphone. Even in your everyday shopping, place the needs before the wants
Teach your children the value of money and how to save it. On social media, use the hashtag #TeachChildrenToSaveDay to post

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National Teach Children To Save Day, which is sponsored by the American Bankers Association, has been helping young people since 1997, when the program was introduced.

Saving FAQ

Q. What age is the right time for a child to start learning to save?

A. They will begin to understand the basic principles of saving as soon as a child begins to recognize numbers. From there, they begin to build upon their knowledge.

Q. How can I tell my child that we have to work for the items we buy?

A. Allow your child to see what you do for a living. Show them that the food, clothing, home, vacations, etc... are paid for the food, clothing, home, etc...