Money Wisdom #1 - Introducing Concept of Money
As soon as a child learns how to count, you can gradually introduce him to the concept of money. Explain to him that money is not something that is always available inside your wallet or bag. Let them know that money is earned by working hard.
Teach children about the importance of saving money. Buy your child a cute piggy bank and encourage him to save his coins by dropping them inside the piggy bank.
For very young children, encourage savings creatively. You can tell you child that dropping coins inside the piggy bank is like feeding a pet pig. Each time a coin is dropped inside, the pig becomes happy. The more coins results to a happier pig.