How To Get Kids To Save Money For Christmas — Fun Tips!

Want to teach your kids to save money for Christmas? Our fun, practical guide helps children learn the value of saving — perfect for Christmas gift giving!

Christmas is the most wonderful time of the year — but let’s be honest, it’s also the time of year when children suddenly develop a very long list of things they’d like to buy for everyone they’ve ever met! And while that generous festive spirit is absolutely lovely, it does help enormously when kids have a little money of their own tucked away to make it happen.

The good news is that teaching kids to save money for Christmas presents is one of the best and most rewarding life lessons you can give them. Not only does it take a little pressure off the family budget, but there is nothing quite like seeing your child’s face light up when they hand over a gift they saved up for themselves.

With that in mind, we’ve put together our fun, practical guide to helping UK children save money for Christmas, packed with ideas that actually work for every age from tiny tots to teens.

Why Teaching Kids To Save For Christmas Is A Brilliant Idea

Christmas is the perfect time to introduce children to the value of money — and here’s the thing, kids are far more receptive to the idea of saving when there’s an exciting goal at the end of it!

Fun Ways To Help Kids Earn Extra Christmas Money

🎄 Ask them if there is something particular they want to buy with their money. If they are saving up to buy a new game, CD, DVD or something more expensive, cut out a picture of it and stick it on their bedroom wall so they will see it often and not forget the reason they are saving their money

🎄 Get them a piggy bank or storage. If they put their money away in a safe container and in a safe place, they will be less tempted to pick it up and go and spend it and move the storage to a place where they will be less tempted to go and look for it

🎄 If they tell you what they are saving for and they go to spend their money on something else, remind them why they are saving the money in the first place

🎄 Get them to set a goal, count the money every so often and then get them to write down how much they have and how much is left to save until they reach their goal

🎄 Talk to them about saving money. Tell them the benefits of saving up their money, and help them understand the importance of saving money

🎄 Get them to do some chores around the house for some pocket money. If they ask if they can do the dishes, polish or sweep up in exchange for a couple of pounds, they will be a little closer to their target and keep on saving as they see their money mount up.

🎄 Set a good example. Tell them and show them that you are also saving by putting a little money into a jar/piggy bank, or storage unit. This will show your kids that saving is normal, plus if your kids see you doing it, they will be inclined to carry on saving.

🎄Reward them for saving their money. Every so often, reward them for saving their money, whether it be a couple of extra pounds to add to their savings or buy them their favourite magazine or comic. They will feel pleased with themselves for saving the money and be more inclined to carry on saving if they know that they may, every little while, get a reward for doing so.

Christmas Savings Apps & Tools For Kids

Gone are the days of just a piggy bank on the shelf, although those are still brilliant! Nowadays, there are some fantastic apps and tools specifically designed to help UK children manage their money, track their savings and stay motivated towards their Christmas goal.

From pocket money apps like GoHenry and Rooster Money to simple savings jars with built-in counters, there has never been a better range of tools to make saving genuinely fun and engaging for children of every age. Best of all, most of them are completely free to get started with! 🎄

So there you have it — with a little planning and a lot of excitement, your child’s first Christmas savings journey starts right here. Happy saving and Merry Christmas from all of us at Under the Christmas Tree!

👉 Ready to spend those savings? Head to our Christmas Gift Guide for Kids for hundreds of brilliant ideas!