An important life skill to teach your kids is how to save money. The things you teach them about money will stay with them for life, so it’s important to teach them all that you can at an age-appropriate level.
Coupons help people to save money, so why not start out by teaching your kids how to use coupons?
Below you will find some ways to get your kids involved in the use of coupons.
Teaching Kids How to Use Coupons
1. Get Your Kids to Help Search For Coupons
Let your child help you search for coupons in newspapers, flyers and magazines. With each new coupon your child finds, explain to them what that specific coupon does and how much it saves you.
When you go grocery shopping, get your child to look out for coupons on the shelves for products that you normally buy and be sure to point out how they are helping to reduce the amount of money you spend on groceries.
2. Make It a Game
Practice couponing skills at home. Have some already precut coupons available for your kids to use. Then, allow them to go into the pantry and find the items that could correspond to the coupons they have in their possession.
Whoever gets the most matches of coupon to item, wins!
3. Let Your Kids Find the Coupons That Match Your Grocery List
Make your grocery list and allow your child to find any coupons that correspond to the items on the list from your stash of coupons or from the newspaper or flyers.
If they are old enough to handle scissors, allow them to cut the coupons out for you.
4. Let Your Kids Keep the Money Saved
If you are in a comfortable financial state where this doesn’t impact you too much, tell your child that all the money saved from the coupons they find is theirs.
This won’t save you money, but your child will be so excited about getting money that they’ll be encouraged to save as much as possible.
5. Show Your Older Kids How You Organize Your Coupons
Couponing is much harder if you can’t find the coupons you’re looking for. Effective organization is the key to success with couponing.
Once they see how effective this can be, they may come to realize just how valuable coupons are in saving you money. You may even want to assign this job to them.
6. Get Your Kids to Help Match the Coupons While Shopping
Take all of the coupons to the store with you. Then, with each new purchase and addition to your cart, allow your child to find the corresponding coupon to the item.
7. Allow Your Child to Hand In the Coupons
When your items are placed on the conveyor belt to be scanned and checked out, allow your child to hand the cashier the coupons.
This will make them feel important and teach them that the use of coupons should be part of your shopping routine all the time.
8. Have a Savings Jar
This type of savings jar should be put somewhere everyone can see it. With this tip, you’ll need to remember to write down the total amount of money you saved per visit and then put that money in the jar.
A savings jar can be a great visual demonstration to show your kids just how much money that the use of coupons can save you.
Teaching the value of saving money all starts at a young age. In the process of teaching your kids to save money, teach them the value of coupons and how coupons can help you to save money.
Teaching kids how to use coupons can be a great way to set the foundation for all the other important financial lessons you will share with them.