Here are some learning tips that both parents and children can do together for kids to learn necessary survival skills in life.
Thinking Abundantly. Discuss ways to earn the money needed to make a purchase the child wants.
Business And Investment. Young people, even children, nowadays are able to start a business. Google ideas for a business that your child can put up.
Spend On Needs Before Wants. Spending on food, school supplies, and school requirements should take priority over toys, accessories, and other non-essential wants.
Saving For The Future. Explain to your kids: we save for emergency situations and to prepare for a future, essential expense.
Teaching your child the habit of saving money is easier when you work with your bank.
BDO has a Junior Savers Account specially designed for kids. With an affordable initial deposit and a low maintaining balance, the Junior Savers Account is easy to open and maintain.
With a BDO Junior Savers account, help them grow their funds by scheduling regular deposits using your BDO Digital Banking account. Setting the amount and date of transfer can easily build their savings.
Learning to save money is the basic step for anyone, even a child, to learn proper money management and, eventually, start building wealth. By taking these first steps with your child, you’ve already given them true riches.
