Question

Explain any two reasons of saving money in our lives to your younger sister

Answer 1

Teach a kid about the importance of money and the benefits of saving it. There are many reasons why one should save money. For a kid, the value of money is not as much as it for an adult. To teach a kid how to save money, one should opt the following ways which are both learning and examples. Such as:

- If your kid demands something, give him a budget and teach him to use and save from this budget to buy that particular thing. This will teach them the importance of saving money and the art to use it.

- Ask your kid to save money for a birthday party. This thing will teach them the importance of saving money for the uncertainties and upcoming events in life.