Saving is a habit that needs to be inculcated since young.  Children need to understand and appreciate the value of money. The idea is not to groom your children to grow up and be a money-face monster. The whole idea is to expose them to wealth building knowledge and prepare them for their future.   There are many ways to develop the habit of saving. I spoke to some young mothers and here are some of the tips they have to share:

1. Pay Your Children after they complete a task

In this generation, kids or even teenagers are having a very good life. They have maid at home to serve them. Even when they reach the age of 18, they are still unable to wash their clothes, cook a simple meal or even sweep the floor. Here’s what you can do. Assign your children a specific chore. After completing it, a small amount ......