“Do not save what is left after spending, but spend what is left after saving.” – Warren Buffett
To put it simply, interest is the cost of borrowing money. Let’s just say I want to spend $1 on a cone of ice-cream right this moment. But then, a friend of mine asked to borrow $1 from me. I only have that $1 coin and nothing else. Shall I decide to lend my coin to my friend or use it to buy my ice-cream … Continue reading What Is Interest?
Little ones will pay more attention to saving when they have cute piggy banks to look at everyday. They’ll definitely want to drop in a coin or two just so they can admire their cool DIY piggy banks. That’s when they start having the habit of saving. What more can you ask for? Here are some really beautiful DIY piggy bank ideas I found on … Continue reading DIY Piggy Banks To Make Saving FUN!
Why Is It Important for Kids to Know How To Save? To teach saving to children is to teach them about the concept of scarcity. In life, we will only earn a limited amount of money and often, we can’t spend all the money we get all at once because we have to spend them on the NEEDS before we can spend on our WANTS. … Continue reading Your Kid’s Savings Account {FREE PRINTABLE}
