8 behavior to start saving money
Last updated: 6 Aug 2025
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Financial fundamentals should be emphasized from a young age to instill good habits and discipline that can be practiced consistently. Knowing this early will help us build our future security before anyone else.
So, for school-age children, let's start changing these habits to achieve our desired savings goals.
Practice having clear financial goals.
A clear, definite financial goal will help us define our life goals and determine the purpose of each saving, such as saving for international education or a car purchase. Having a clear goal will help us understand the reasons for saving and create more passion for these things.
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Develop a consistent savings discipline.
Discipline is very important when it comes to saving money. Therefore, even if you're a student and don't have an income from work, you can start saving from your parents' allowance each month into a savings account. Don't withdraw it unnecessarily.
___________________________________________
Find fun and enjoyable money-saving games.
Setting a goal to save money every day and every month can be boring, but if we make an effort to have a game, Or activities that connect with saving money can make it more fun, such as Monopoly, Snakes and Ladders, or annual savings charts. These can help diversify your savings and make it less boring.
___________________________________________
Practice writing down your income and expenses.
Another way to cultivate good financial habits is to know where your money or income goes. Writing down your income and expenses will give you a clear picture of your finances, which will help you calculate which unnecessary expenses can be used for savings.
___________________________________________
Learn about different types of investments.
Starting early in your investment journey will give you an advantage, helping you identify the investment style that's right for you at each stage of your life. Currently, there are many different types of investments, such as Government Savings Bonds, mutual funds, stocks, and endowment insurance. Knowing the details of each type of investment will help you understand how your money grows and make easier decisions about your investments.
___________________________________________
Have your own fixed deposit account.
For effective savings, you should have a fixed deposit account specifically for your savings. This will be a great tool for maintaining financial discipline. And it's easier to check your savings.
___________________________________________
Buy only what you need.
Be careful about expenses, whether they're overpriced or non-essential for everyday life.
___________________________________________
Learn to use student benefits.
During school, students have many special benefits, such as student discounts or special promotions for using their student ID card to purchase items or participate in various activities. This can help them save even more money.
These 8 points are basic financial principles that can be easily incorporated into our habits and help build financial strength from a young age, enabling them to cope without problems in financial situations.
___________________________________________
Source: NCB
So, for school-age children, let's start changing these habits to achieve our desired savings goals.
Practice having clear financial goals.
A clear, definite financial goal will help us define our life goals and determine the purpose of each saving, such as saving for international education or a car purchase. Having a clear goal will help us understand the reasons for saving and create more passion for these things.
___________________________________________
Develop a consistent savings discipline.
Discipline is very important when it comes to saving money. Therefore, even if you're a student and don't have an income from work, you can start saving from your parents' allowance each month into a savings account. Don't withdraw it unnecessarily.
___________________________________________
Find fun and enjoyable money-saving games.
Setting a goal to save money every day and every month can be boring, but if we make an effort to have a game, Or activities that connect with saving money can make it more fun, such as Monopoly, Snakes and Ladders, or annual savings charts. These can help diversify your savings and make it less boring.
___________________________________________
Practice writing down your income and expenses.
Another way to cultivate good financial habits is to know where your money or income goes. Writing down your income and expenses will give you a clear picture of your finances, which will help you calculate which unnecessary expenses can be used for savings.
___________________________________________
Learn about different types of investments.
Starting early in your investment journey will give you an advantage, helping you identify the investment style that's right for you at each stage of your life. Currently, there are many different types of investments, such as Government Savings Bonds, mutual funds, stocks, and endowment insurance. Knowing the details of each type of investment will help you understand how your money grows and make easier decisions about your investments.
___________________________________________
Have your own fixed deposit account.
For effective savings, you should have a fixed deposit account specifically for your savings. This will be a great tool for maintaining financial discipline. And it's easier to check your savings.
___________________________________________
Buy only what you need.
Be careful about expenses, whether they're overpriced or non-essential for everyday life.
___________________________________________
Learn to use student benefits.
During school, students have many special benefits, such as student discounts or special promotions for using their student ID card to purchase items or participate in various activities. This can help them save even more money.
These 8 points are basic financial principles that can be easily incorporated into our habits and help build financial strength from a young age, enabling them to cope without problems in financial situations.
___________________________________________
Source: NCB
