If you’ve been wanting to know how to encourage your kids to save money, this fun Minecraft Money Management Planning worksheet can help. I have four children and they each have very different attitudes about saving, spending, and making money.
Only one of them thankfully is just like I was in my twenties; spending money before it is earned, but we’re getting there in terms of encouraging our kids to save money.
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If you have young children that are Minecraft obsessed like my youngest is, this printable will come in handy. Print out pages 3-7 of this Minecraft Saving Money Planner and use the pages to follow along with the corresponding paragraphs for an easy and fun way to help encourage your kids to save.
Scroll to the bottom of this post to grab the free printable
Be sure to only print pages 3-7
The front cover page is mostly black and I don’t want you to waste ink
Needs and Wants: What is the Difference?
This may be the best place to begin when it comes to teaching kids how to save. An understanding of what a need is vs. what a want is is key. Most young children will understand, especially from their early elementary science and social studies lessons, that the basic needs of all living things include food, clothing and shelter.
Wants vs. Needs Worksheet
Use the Wants vs Worksheet Minecraft Worksheet (pages 6) to help your child determine what things they need to live versus which items they want. Getting their needs vs. wants list down on paper will help your child visualize and understand the difference. You could also use the Items I Want (page 7) for this purpose.
My 9-year-old is currently saving for the newest Zelda game. He recognizes this as a want and is excited to use tooth-fairy money and other money he earns to purchase it for himself. He also understands that because he’s under 18, he is provided his needs by his parents.
This is easier for him to understand because he has three adult siblings living in the house with us so he knows that I typically don’t purchase all of their needs. They pay their own way for these items and certain food items and are expected to hold up their end of the bargain once they’re still at home and not attending college classes. Knowing the difference between needs and wants is half the battle.
Goal Setting for Students
One thing that I’m a huge proponent of is goal setting for kids. Setting a goal and taking the steps toward reaching it is an invaluable life skill and there’s no better way to start than trying to reach a savings goal.
Financial Goals Worksheet and Income Brainstorming
Pages 4 and 5 of the Minecraft Money Planner will help you and your child brainstorm ways they can make some money and reach their financial goal. The goal can be around a certain game or toy that they want or it can simply be a dollar amount.
Take some time to chat with your child about what it is they want, how much it costs, and what types of chores or activities they can do to earn an income. The worksheet will help you get it all down on paper and come up with multiple income streams that will help your child reach their ultimate goal.
Having a specific goal is a motivating factor and breaking that dollar amount down into chunks of tasks they can do to earn it, can make a seemingly big dollar amount, less overwhelming for a young child.