Help kids be specific about their savings goals. It is important to not just set goals, but to break them down into smaller steps and clearly establish where the money will be saved—a piggy bank, a savings account, or even a debit card for kids.
Teaching kids about properly using credit cards can also build good habits, such as establishing a prepaid card or authorizing a child to use a credit card—with features activated to track their spending.ng a child to use a credit card—with features activated to track their spending.
It is also important to keep in mind that managing children’s behavior shouldn’t be focused on punishment. Positive reinforcement, such as praising a child when they engage in desired behaviors, can be very effective.