Guide to help your child build savings.

The strategy of the three piggy banks

Giving only one piggy bank to the child encourages a very basic thinking about money.

To encourage literacy, try dividing the money into three distinct pots:

• one to spend immediately (such as buying small candies or a cheap toy);

• one for medium-term savings (to buy something of higher value like a game or sneakers).

• and a third pot for charitable or long-term purposes.

This visual mechanic teaches them to budget each coin they receive.

Allowance tied to objectives.

Providing a fixed unconditional allowance can create an unrealistic perspective on effort.

Try linking small financial bonuses to the completion of extra tasks at home that go beyond your normal responsibilities (such as washing the car or cleaning the garden).

At the same time, encourage him to define the cost of what he wants to buy, so that he can independently calculate how many weekends he will have to save until he can buy his reward.

The parents' example and transparency at home.

Children copy behaviors automatically.

If discussions about monthly bills at home are done openly and with consideration (without causing anxiety in children), your child will learn the importance of planning for groceries or giving up on a secondary purchase.

Take them shopping and show them the price differences on the shelves, engaging them practically and playfully in family consumption.

Does your child's monthly education bill weigh heavy on your budget?

Maintaining financial balance at home ensures a good learning environment.

Combine expenses through the Consolidated Credit simulator of Poupança no Minuto and ensure that your salary arrives smoothly at the end of the month for school expenses.