Learning how to save money is an important skill for kids and adults alike. Saving money can help you reach your goals, whether it’s buying a new toy or planning a fun trip with your family. In this guide, we’ll share some tips on how to save money like adults, especially for pre-intermediate ESL kids. Let’s start your journey towards becoming a smart saver!

Create a savings goal:

  1. Think about something you want to save money for, like a new toy, a special event, or even a future college fund. Having a clear goal in mind will motivate you to save consistently.

Set up a savings jar or piggy bank:

  1. Find a jar, piggy bank, or any container with a lid to store your savings. Label it with your goal, and place it somewhere you can see it every day. This will serve as a constant reminder to save money.

Make a budget:

  1. A budget is a plan that helps you keep track of your money. With the help of an adult, make a list of your income (such as allowance, gifts, or money earned from chores) and your expenses (like spending on snacks, toys, or entertainment). This will help you see how much money you can save each week or month.

Save a portion of your money:

  1. Whenever you receive money, set aside a certain percentage for your savings jar. For example, you can save 10% or 20% of your allowance each time. The more you save, the faster you’ll reach your goal.

Look for ways to earn extra money:

  1. If you want to save even more, consider finding ways to earn extra money. You can do extra chores around the house, help your neighbors with their tasks, or even start a small business like a lemonade stand or selling handmade crafts.

Cut back on unnecessary spending:

  1. Think about the things you spend money on and decide if they’re truly necessary. Cutting back on small expenses, like snacks or toys, can help you save more money for your goal.

Learn from adults:

  1. Talk to your parents or other trusted adults about how they save money. They might have helpful tips and experiences to share with you.

Saving money like adults is an important skill for kids to learn. By setting a goal, creating a budget, and consistently saving a portion of your money, you’ll be well on your way to reaching your financial goals. Remember, practice makes perfect, and the more you save, the better you’ll become at managing your money. Good luck and happy saving!


Comprehension questions: Answer these questions in comment. 

1. What is the objective of creating a savings goal?

a. To motivate you to save consistently

b. To make your piggy bank look nicer

c. To spend more money on snacks

2. How can you track your income and expenses?

a. By creating a budget

b. By guessing how much you spend

c. By asking your friends how much they spend

3. Which of the following is a way to save more money for your goal?

a. Spending more on unnecessary items

b. Cutting back on small expenses

c. Ignoring your budget