Financial literacy is not being taught in school that more often than not, it is up to us mums to instill the value of money-saving especially to our small children. When I was a child, my Mama and Papa encouraged us to keep our own coin bank {we have each a coin bank made from bamboo, which we call bungbong in our vernacular} and save what little extra we have from our daily baon. It may not amount to much but it will come handy in times of emergency. I have passed on this tradition to the little man. It is a great way to teach him about Math and the valuable lessons about saving and managing his finances. Although, he does not have any other plans on where to spend his money other than buying new toys, I am sure that as he grows his buying preference will soon include purchasing books, buying school essentials, and perhaps, saving up his money in the bank, too!

Here are a 4 Mummy Money Tips from our friends at MoneyMax.ph that I thought you’d be interested to teach your little ones, too. After all, it is never too early to teach them about saving to prepare them for a financially-secured life in the future. Teaching them as soon as possible will give them plenty of practice and will soon discipline them opt to save their money for emergency use instead of buying the latest toys, clothes or gadgets, or purchasing any expensive cajon accessories.

So which money tip are you most likely to teach your children and why?