Congratulations, since you are here, it means you want to learn more about the basics of saving money!
 
Most of us wish we could save more money, but how do we do it, and how do we get started?

• The best thing to do is to make a saving plan. Decide how much you're willing to put aside every month and then do it.( what percentage of your pocket money are you willing to put aside)
• The next step is to start putting money in your account- start with whatever you have.
• Have a piggy bank or a container in which you put your coins etc
• Put some of the money you receive from- parents, uncles etc aside, every time you get some.
• At the end of the month, give the money you have collected to you parents to put in your SKS account.
• Always save a percentage of your money e.g. 5%. Five percent of GH¢ 1.00 is 5 Gp.
• Ask parents to let you know how much you have saved up at the end of every month.

For parents

• Look for clues in your child’s words and actions that indicate his/her readiness to start learning about finance…its how parents take it from there.
• Experts suggest that five fundamentals of financial fitness if learned before age 30, can lead to a financially sound lifetime.
• Ask your child to set a savings goal. Offer to match their savings or pay interest on savings as incentive.
• Open a bank account and put in perks.
• Play simple counting games with notes and coins with young children.
• Sit with your child when you calculate bills. Let children see how you pay for things either through the ATM, with credit cards or over the internet. Explain that you have to have money in your bank account to use these services. Explain that credit cards are a way to borrow money and it must be paid off at the earliest.
• Pocket money can help children feel that they are important members of the family because they are given part of the family's spending money. It helps children to make choices and to see that sometimes people have to wait and save up to get what they really want.
• It gives the teenager a feeling of independence. If you are confident of your child’s spending habits, it is fine to give them money.