Dustin Bitz with Capital Credit Union explains important tips with teaching your kids to save their money.

Seven Simple Ways to Teach Kids to Save

  1. Let them earn their own money.
  2. Discuss wants v. needs.
  3. Provide a place to save.
  4. Have them track spending.
  5. Set savings goals & offer saving incentives.
  6. Act as their creditor.
  7. Set a good example & talk about money.