“How to Save Your Money” from a Kid’s Perspective.

Do you find it difficult to save your money. Maybe you need to buy a car, or you’re trying to save for a house or your kid’s college. Whatever the case, saving money can be difficult. It is even more so for kids. They like to see the rewards of their labors quickly. Their attention spans are short. In many cases, very short. So saving money for a larger goal can be overwhelming.

And yet, my two oldest kids were able to save $100 each over the course of almost a year.

I recently wrote an article detailing how they did it and why.

Related: Teaching your kids to save money.

The goal was a basketball hoop. It was a family endeavor, and they succeeded. And believe it or not, they are still playing with it almost every day. They’re getting better at it too.

The article above was from my perspective. And I thought it would be a great idea for them to write in their own words how they saved their money, and the difficulties associated with striving towards a financial goal. Which for them was quite large.

And just as an FYI: the spelling and grammatical errors are theirs. So without further ado . . .


My Youngest Son:save your money, younger son

How to Save Your Money

When you save up your money, you can buy whatever you want to. (Dad had a post about me and my brother saving our money to buy a basketball hoop.)

To save your money you can help peple help Mom or Dad. You can help anybody you want to. You can help peple mow the grass, shovel snow, swepp the floors, scrub floors. Whatever you can do is fine. (If they don’t need help, just don’t help them.) And that is how you can buy something expesive.

Editor’s note: He was the one who suggested this post, and if you remember was the first one who completed his portion of the savings goal. And yet he can still blow five dollars on doughnuts and gum. No one’s perfect . . . right?

My Oldest Son:

Saving Up Your Money

When you have money in your pocket you are probably wanting to spend it or its just “burning a hole in your pocket.” If you’ve heard of the term “burning a hole in your pocket,” you know what I’m talking about. It means you just want to get rid of money. Kind of like you don’t want fire in your pocket.save your money, older son

When Dad brought up the idea of working for a basketball hoop got me excited. So I started working and getting payed. Sometimes the money burnt or almost burnt a hole in my pocket.

But this spring when I counted up my money I had $168 WOW!

What happened was over the months I kept working and saved money I also got birthday money. It took me a year to save all my money.

This is how I got $168 dollars.

Then I spent $75 on a basketball hoop and ball.

When you save your money it will build up. Also when you save your money, you can buy things you want.


Thanks guys! Great job.

Learning to save money is a great life skill that many adults haven’t yet mastered. It really comes down to self control and persistence. Usually it’s a matter of how bad do you want it?

This is the kind of skill that you can apply to saving for a car or even a down payment for a house. The sky’s the limit.

I realize that you’re not there yet (are any of us really?), but I hope this was a great experience for you both.

What’s your next savings goal? Maybe a four-wheeler or a car or something expensive . . . like a pocket-knife?

What about you? Can you remember a time where you saved money for something as a kid? How are you doing with saving money now?

Why not let me know in the comments, and thanks again for reading and sharing.



Chris is the original Cash Dad. He's a father of 3 and a mechanical engineer by trade.


  1. Love those boys!! And Uncle Jared would be very proud that they didn’t let the money ‘burn a hole in their pockets’…. he still won’t let my oldest spend his money….. =)

    • Chris Reply

      I think they should be able to spend a little bit. ?
      Thanks for the comment.

  2. I have to laugh at this because it was so hard for them to keep their money in their pockets when we went grocery shopping this week. They both bought food. The little bought a pack of bon bons. Of course he wanted two packs but I talked him down to one. Wouldn’t you know the whole pack was gone by dinner that night.
    At least they know how to save. For some reason candy has a strong allure for our children. It must be their genes from Daddy. ?
    Love you!

  3. One thing I really remember was, how much 50 bucks meant to me when I was a little kid. I thought $50 was like all I needed to consider myself rich.

    • Chris Reply

      Right, I remember thinking similarly. It’s great though having my kids thinking of money and money topics. Thanks so much for the comment. ?

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