Friday, 19 October 2012

Win £1000 by being great at teaching your kids to save

I like to think I am amongst the elite when it comes to being tight frugal.

Saving money, or being more efficient when spending it has always been something close to my swinging brick.

And it’s really an ethic I want to instil in my child.

To understand the value of money, getting best value for that money and being better prepared to make financial choices and even for periods of personal financial crisis.

Being a savvy kid surely is going to have massive benefits for their future.  There are so many financial decisions they will need to make, now probably more than ever, and raising a child that understands that, without fearing and worrying about it has to be a good thing.

Anyway, I’ve been asked by the folks at to join a judging panel for their latest competition.

They are inviting bloggers to share their top tips for encouraging kids to save in return for the chance to win £1,000.

The judging panel will select the best ten entries, who will then compete in a fun day of financial challenges, with the winner leaving with £1,000.

All you have to do to enter is write a blog post containing your top tip for encouraging children to save.

Mine would be to take them car booting.  It shows how they can turn their old unwanted toys back into cash, and at the same time demonstrates how things lose value.  i.e. They will have to sell a lot of old things, to get one brand new top of the range, must have for Tuesday, toy.

What’s your top tip for encouraging children to be savvy savers?

If you'd like to share, and once you’ve written your blog post simple email to let them know you’ve entered, and you can use the Twitter hashtag #superkidsavers too.

The best tips chosen will also be shared amongst all the financial experts advice on the MoneySupermarket

Good luck!!