In the age of supermarkets and one shop markets, where one goes for shopping for groceries often come home with much more. And if you are accompanied by your little one(children) who are taken in by new, shiny toy, and no matter how much you try to avoid the situation you often buy the toys, electronics, dolls or watches.  Or your ransoms to your children for getting the desired work or you sometimes buy him things out of love or over love. It’s probably something that happens once too often, and in many cases. But doing all this can really create a problem when the demand from small things goes to the bigger one which is out of your affordable limit. Teaching children to adopt good money-minding habits in their formative years is one of the greatest gifts a parent can give his or her child. Today in the times of brand and hard-sell, small children no longer leave the prerogative about which brands of food they want to have like they are even particular about the cheese and butter. Advertisements and peer group influence makes it extremely difficult for kids to be careful about money.

It may be tough but it is not impossible to take up the challenge. Follow these following tips which might help you to teach your child the value of saving money:
1. Start with talking to your children about money like why we need money, what money can and cannot do for you.

2. Make saving a house rule. Whether the money comes from relatives or from allowances earned, make it a rule to save a certain percentage. Adding coins to a piggy bank is a good start. Children can see that their money is in a safe place, and they can hear and feel how the bank fills up.

3.  Children learn mainly through observation and example. If you are a big spender yourself, children will never learn to save. Whether parents realize it or not, children's attitudes and values about money are influenced by how parents spend, borrow, save, share, invest and protect them with money.

4.  A valuable lesson for children is to understand the concept of need versus want. Grownups often teach poor money management skills through buying everything children want; rewarding them with sweets; giving them money for no special reason; or buying items to appease them while shopping.

5. Help children understand that we cannot have everything we want and that we need to make choices about how we spend our money.

6. Tell them that saved money is used for goals, whether it is a house, a vacation, or for your child, a bike or game. Help your child set goals, short term goals and long term goals so that they can learn how to save money and practice.

7. Do not use food or money to reward or punish behaviour. It should not be used to manipulate others.