Use games to creatively teach them about saving money
There are several games that teach the value of saving money. Not only are they educational, but they also make the whole concept more fun. Monopoly is one board game that educates kids to save and when to spend. You can also do pretend plays, such as managing a grocery where felt money is involved.
Teach them how to track their expenses
If your child can already write, get them a small notebook where they can write all their expenses, no matter how small. By making them start a spending tracker while they’re young, they’ll be able to easily continue with this practice as they grow older. Spending trackers are great if you want to see where all your money goes and assess if you can save more by cutting down expenses.