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Pocket change to big savings How to save money as a kid including free printable tracker

We have a double bonus for you today! Advice on how to save money as a kid, alongside a brand new printable to help with that: a savings tracker that you or the kids can download for free.

In our view, it is never too early to encourage the kids to learn to save, from helping them to understand the value of money, to incorporating ideas into play, such as our pretend play restaurant, or grocery store. You could even give them reward bucks for completing tasks about the house!

This is a collaborative post.

This image is providing information on how to save money as a kid, including a downloadable savings tracker and 2023 ways to earn money.

Before we share our fabulous tracker, let’s chat about encouraging how to save money as a kid – we’ve got ten great ideas for you:

1. Understand the value of money

The first step in teaching kids to save is helping them understand the value of money. This can be done through simple activities such as comparing prices at the grocery store or explaining the cost of their favourite toys.

2. Learn through money games

There are loads of great online money games for kids that introduce kids to money, and concepts around it, such as buying a house, or owning a farm. These games help kids to understand its value though game play: something we all know that kids adore. They are design to help teach kids about earning, saving, and spending money in a fun and engaging way.

3. Set a savings goal

The red toy sits on the wooden surface.

Setting a goal can motivate kids to save. It could be a toy they want, a charity they wish to donate to, or even a college fund. Our savings tracker has a page all about what they are saving towards to help them to visualise this.

4. Use a money saving tracker

A money-saving tracker can make the process of saving fun and rewarding. Kids can visually track their progress towards their goal, which can keep them motivated. We are, of course giving you one with this article.

There are six sheets within the tracker, and it is designed for saving in both $ and £, but you can, of course adapt this, whatever your currency.

The sheets include:

  • Information on the kid’s ultimate savings goal,
  • How money is to be earned,
  • Tracking of spend, and finally
  • Sheets to track savings in a fun and engaging way, thanks to our printable piggy bank!

In order to download this printable, just click on the button and image below.

This image is showing a savings tracker for kids to track their money-earning progress at KiddyCharts in the year 2023.

5. Create a budget

Encourage your child to create a simple budget. This can help them understand income and expenses and the importance of saving.

6. Earn their own money

A person is holding a teacup and a coffee cup with their thumb and finger while balancing a tea bag and tableware on a serving tray indoors.

Allowances, odd jobs, and entrepreneurial endeavours like lemonade stands can provide kids with their own money to manage.

7. Open a bank account

Many banks offer accounts designed for kids. This can give them a real-world experience of managing money.

8. Practice delayed gratification

Teach your child that it’s okay to wait and save up for something they really want. This can prevent impulsive spending.

A vase filled with a wooden pot and a houseplant surrounded by text reading "Worth the Wait" sits indoors, adding a touch of greenery and beauty to the room.

9. Encourage generosity

Encourage your child to set aside a portion of their savings for charity. This teaches them about generosity and the importance of helping others.

10. Lead by example

Children learn by example, so show them that you’re also saving money. Have your own jar of money or share your saving goals with them.

A black and white Kiddy og Charts hangs on the wall, displaying a colorful array of shapes and numbers.

Remember, it’s never too early to start teaching kids about money. With these tips, kids will not only learn how to save but also understand the value of money.

If you like these ideas for kids – why not check out some of the other printables we have on the site around money and savings:

Other ideas to help kids to save from KiddyCharts

Here are some more ideas to help kids to learn to save from the site, including advice on pocket money.

Here are some other ideas off our site too:

Ideas on saving for kids from the internet

Here are some more ideas for helping kids to save from off KiddyCharts - including a few fun ideas that they will love!

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We’d love to see you again on the site, and cheers for coming as well.

This image is promoting KiddyCharts, a website that provides free resources to help kids save money and track their earnings in 2023.

Helen is a mum to two, social media consultant, and website editor; and this site is (we think) the only Social Enterprise parenting magazine! Since giving up being a business analyst when juggling travel, work and kids proved too complicated, she founded KiddyCharts so she could be with her kids, and use those grey cells at the same time. KiddyCharts has reach of over 1.1million across social and the site. The blog works with big family brands (including travel) to help promote their services, as well as offering free resources to parents of kids under 10. It gives 51%+ profits to Reverence for Life, who fund a number of important initiatives in Africa, including bringing running water and basic equipment to a school in Tanzania. Helen has worked as a digital marketing consultant (IDM qualified) with various organisations, including Channel Mum, Truprint, Talk to Mums, and Micro Scooters. She loves to be creative in the brand campaigns she works on. Get in touch TODAY!

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