How do you help and encourage your kids to manage their money.

[Erin_25]

In regards to managing smaller amounts for the children to learn check out Money Savvy Kids - you can google it. They sell piggy banks with four slots....each for a different purpose - Spend, Save, Invest & Donate - a great idea for teaching basic managment skills and decision making.

[Jahzara]

Glad you have made a decision !

DS#1 and DS#2 are at the age where they like seeing the money building up in their accounts and we are hoping this will instill good savings habits in them. At the moment they haven't got much but when it starts to build up in to the thousands we are sure that they are going to be very excited and motivated ! So at this stage thats what we are happy with. Maybe when they are older the money will be invested...