For many of us with children still at home, this week is back to school week. On Monday morning my wife and I took our boys back to school and walked them to thier classrooms. Once we got them settled in with thier new teachers and they saw all thier friends we slipped out into the hall and made our way to the front. As we walked, we were joined by other parents. Out in the parking lot, we all paused to visit. The one thing I could not help but notice was how relieved many of the parents were. To have the kids back into a routine after a couple of months off is truly a blessing for many reasons.
As this thought ran through my head, I began to think how routine life becomes in many areas. One thing I have tried to teach my boys is to establish a routine of setting aside part of thier allowance for the future. They have been fairly successful at saving money by setting aside a little bit each week to deposit into thier savings account. Our oldest has informed us recently that he is currently saving for a laptop computer. So frequently my son will come into the credit union with his piggy bank and deposit part of the money he has earned into his savings account. One day soon he will realize he has enough to purchase that laptop and that is when we will have to decide if we will allow him to have a laptop of his own, but that is another story.
The point I would like to make is that if we as parents take the time to teach our children how to save money for future needs then our children will be better prepared to handle thier own financial decisions. So I encourage all parents to take the time to bring your children in and open a savings account. We will help you educate them about how a savings account works and we will give them a piggy bank to help establish a routine of saving for the future.
