Summer saving for kids!

It's getting closer and closer. That's right it's almost here Summer time, and I keep hearing and seeing more and more student trying to get summer jobs. And it seems to becoming more and more for even the younger ones. Here are some simple tips to teach your kids early how to be responsible for money. Here are some simple tips.

1. Teachh them from early age while shopping with them for clothes, groceries, or even big ideas like cars and etc. Talk with them about comparing prices, quality, and even bulk prices when shopping. A great time is when shopping for school supplies, holidays, birthdays, or etc.

2. Take your kids to the bank with you. Whenever you can take them to withdrawal money from the ATM, or going to the bank to do transactions, and explain to you children of what your doing and how to do it. Share with them the interest rates of your saving accounts, where has your checking account usually don't have interest rates.

3. Talk with your kids about investments. Sharing information such as purchasing stocks with different companies of interest. Example, many young kids enjoy shopping for shoes, so why not explain with them about Nike the company, and how you can personally invest in this kind of company. Some experts say early the better to start explaing this such as elementary school age, but keep repeating and teaching through middle school to help better understand these ideas.

"Too many people have suffered losses -- by not diversifying, for example -- that could have been avoided with a little information and education," says Steve Hines, spokesman for the JumpStart Coalition for Personal Financial Literacy. "But, stocks generally outperform other forms of investment over longer periods of time, and since kids have time on their side, why not help them learn to make their money grow?"

4. Create a spending account, and provide your kids with a piggy bank.
Give your children an allowance and make sure they set aside a certain amount for savings. A piggy bank can help children watch their money grow. Let them keep a financial journal to record their financial activities.

5. Make them earn their money. Hard work pays off, the easy way out is never easy money. Teach them that you as parents had to and continue to have to work hard for the money that you earn, and that old saying "money doesn't grow on trees is really true. They can start by picking up their toys, taking out the garbage and raking the leaves.

6. Think about and teach them goals. Goal-setting can helps kids achieve their dreams. So whatever the goal is toys, car, or whatever, help them and teach them that it can be attained through hard work, proper budgeting, and saving up.

7. Show and teach the correct way to use credit cards. You ask what is the correct way to use a correct card. Well, our rule of using a credit card is you don't buy it unless you can pay it of right away. So your not buy and wait to see if we have enough money to pay it off at the end of the month. It's buy now knowing you will pay it off this month. Make sure if or when you give your kids a credit card, make sure to monitor the use of the credit card.

"A troubling trend in our society is giving credit cards too early and too easily," says Duvall, who suggests giving responsible teenagers a credit card toward the latter part of high school, along with a good heart-to-heart talk about credit.

"Know your kids individually, and don't be in a rush to help them spend," says Hines. "Don't get your kids a credit card and hope they'll learn something on their own. You wouldn't get them a car and hope they'll learn to drive it on their own, would you?"

8. Include kids in discussions on household budgeting and vacation planning.
Talk about necessities such as utilities and extras. Teach kids about the financial resources needed for the vacation such as tickets, transportation, lodging and entertainment.

9. Teach them about donating or tithing through your local church. We teach the 10-20-70. Which is tithe/donate/give 10%, save 20%, and spend 70% on monthly expensives. This is a great way to teach your children about tithing at a early age.

Hines believes volunteering is a way to "offset the consumer-driven environment by teaching kids that there is joy in something other than buying things for themselves.

"For some kids, this is a powerful lesson. Instead of just delayed gratification, it's gratification by spending on someone else. With donations, there are also opportunities to discuss how far a dollar can stretch and values."

10. This is the rule that your kids follow your guidance. You as a parent have to start leading by example, by showing them the right way to save, teaching them at an early age to develop a budgeting program. Start early on investing for the future. There are all kinds of great free resource for this kind of information all over the internet.