From Piggy Banks to Palm Trees: Teaching Kids to Save for Vacation

In my last email, I shared a great way to ensure you’re continuously investing in your vacation. If you missed it, go HERE to check it out!

How can you boost savings without adding more to your already full plate?

Here’s the good news: Get the kids involved!

When kids are excited to help save, whether for Disney, Ireland, or anywhere in between, budgeting becomes a team effort. They'll even understand when you pass on that impulse toy at supermarket.

Saving is more fun when they can see their progress, and the skills they learn will last well beyond your next trip.

Here are a few creative ways to make vacation savings a family affair:

Make it a Challenge

Give yourself (and the kids) an allowance for cash expenses like groceries, gas, and entertainment. Then, turn it into a game: See how much of your budget you don’t spend. Anything left over at the end of the week (or month) goes straight into the vacation fund!

The $5 Bill Trick

One of my favorite ways to save! Every time you get a $5 bill, set it aside in an envelope for your vacation fund. You’d be surprised how quickly this adds up!

Turn Off, Cash In

Encourage kids to turn off lights and electronics when they’re not in use. Keep a tally of who remembers the most, and at the end of the month, add $2-$5 to the vacation account. Even small energy savings add up—and kids love friendly competition!

Let Them Earn and Contribute

Help your kids find ways to earn money while learning valuable money management skills. Younger kids can set up a lemonade stand, while older ones can take on yard work, babysitting, or pet-sitting. Teach them to divide their earnings into categories: charity, savings (for college and family vacation), and spending money.

Track Progress Visually

Create a large, telethon-style savings tracker and display it in your home’s command center. Watching the progress grow keeps everyone motivated and excited to contribute more!

Which of these savings ideas will your kids love the most?

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