Children learn very early that money can buy candy and toys. In school they are taught basic mathematics concerning money so they already know the basics. Here are 6 tips to help them want to start saving and investing.

1. Three ways to handle money. First, you can save and invest it. The other two ways are to let it sit stagnantly in a wallet or piggy bank or they can just spend it as fast as you earn it. Show your children different living conditions and ask them how they want to live.

2. Teach goal setting. Every child know what they want to be when they grow up. A fireman, doctor, nurse etc. are popular career choices. But children ever consider what they want when they grow up. Explain to your children that setting goals is a proven method for gaining what we want in life.

3. Put goals into action. You can try developing a financial plan with them. If you have a financial planner you can set up a meeting and explain to your children how financial goals are serious business.

4. Frugality. Try to be frugal in your family budgeting. Teach your children how they can be thrifty and then they can save and invest even more.

5. Open savings accounts early. Take your children to the bank as soon as they understand basic money principles. Open savings accounts in their names and go over the statements with them as they come.

6. Let your children make choices. As parents we want our children to have the best. Often times though our children are just as happy if not happier with simpler things. Examples of this are birthday parties and family get togethers. Consider taking some of these occasions and letting your child choice simpler activities that are less expensive. Show them how you can then take these savings and invest them.

Teaching children to save and invest their money can be very fun and rewarding. If they see your efforts to provide a better future for them they will love you for it.