Think about it – most goals a child wants to obtain will cost them money.
So, you want to steer their first savings goal towards the quickest win. You'll need to eliminate as many kinks in this chain as possible for this to happen. If they see that it happens successfully one time, then they'll be more enthusiastic about trying it out again. Your child needs to see that the process of setting a goal to save for and then to actually purchase – whether it’s something they want to be, do, or have – actually works. Why? Because you can anchor your entire child's money education with goal setting. I teach kids about money, and so I love to focus on goal setting for kids. I like how it breaks goal setting down into categories, such as:
#CHILD GOALCHART HOW TO#
Here's a simple goal setting worksheet pdf that helps kids brainstorm what goal to set, and then brainstorm three action steps for each goal so that they know how to get started. Psst: you'll also want to check out my article on examples of good and bad smart goals for students.
Here are some of the best, free, goal setting worksheets for kids and teens.