Benefits of Saving for Children
The habit of saving from an early age is very well applied to shape a child's character because they will learn to understand how to use money wisely to prepare for their future. In addition, teaching children to save from an early age has many other benefits. Here are some benefits of saving for children from an early age.
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Children Become More Appreciative of Money
When you teach children to save, at the same time, children will also learn to appreciate money more because when they save, they will realize that collecting a certain amount of money requires a lot of time and effort. That way, it is hoped that they can grow into individuals who appreciate the value of the money they have and are wiser in using it.
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Finance Management Training
By saving, children will slowly learn how to organize and manage their finances. For example, if they want to save to buy an item, they will learn how to use their pocket money wisely, starting from managing their expenses to how much pocket money needs to be set aside for saving and how long they need to save to buy that item.
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Training Children to be Independent and Disciplined
When saving, children will try to reduce dependence on other people's money (especially parents) to buy the things they want. At the same time, they will also learn to be committed and disciplined in setting aside their money for the goals they want.
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Learn to Live Frugal and Simple
If the habit of saving has been formed, it is hoped that the child will grow up to be a frugal and simple person and can avoid wasteful habits in using his money.
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Forming a Patient Person
One of the benefits of saving for children is to shape them into more patient individuals. This is because saving requires commitment and discipline within a certain period of time to achieve the target of saving, for example, buying toys or other items they want.
- Have an Emergency Fund
Saving not only teaches children to achieve what they want but also to prepare for the unexpected in the future. As parents, we can give children an understanding that in the future many unexpected things can happen at any time. Therefore, having savings is very important because it becomes an emergency fund for unexpected things when they grow up.
Those are some benefits of saving for children from an early age that can motivate you to continue teaching your child to save. You can also open a MAS Savings account with a QQ account as a savings option for your child.
The QQ account is a joint account created by parents and their children who are still small or teenagers. The joint savings account is in the child's name but added with a QQ code and the name of the parent in charge. To open a QQ account at Bank MAS, just follow the picture below.
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