Nifty Works Financial Services

27/09/2022

12/09/2022

03/08/2022

If you want kids to learn about saving, you have to nurture an ongoing discussion about it instead of avoiding those.

02/08/2022

The lesson you want to teach is that saving may mean delaying gratification longer, but the item you want to buy will end up costing less if you wait, by not opting for loan ,unnecessarily.

01/08/2022

It’s tempting to step in and steer kids away from a potentially costly mistake, but it may be better to use that mistake as a teachable moment. That way, they’ll know in the future what not to do with their cash.

31/07/2022

For example, you could offer a reward when your kid reaches a savings milestone.

30/07/2022

Part of being a better saver means knowing where your money is going.
If your children get an allowance, having them write down their purchases each day and add them up at the end of the week can be an eye-opening experience. Encourage them to think about how they’re spending and how much faster they could reach their savings goal if they were to change their spending patterns.

29/07/2022

When your children have a savings goal in mind, they’ll need a place to stash their cash. For younger kids, this may be a piggy bank, but if they’re a little older, you may want to set up their own savings account at a bank

28/07/2022

Give them right motivation and aim to save so that they know why.

27/07/2022

If you want your children to become savers, allowing them to earn and save money provides them with the opportunity to learn how to use it. When you offer allowances in exchange for chores, they’re also learning the value of their hard work.

26/07/2022

The first step in teaching kids the value of saving is to help them distinguish between wants and needs.

24/07/2022

Happy Parents Day 👨‍👩‍👦‍👦
Stay in tune for Tips to teach your children to save money.