Does your child spend, spend, spend or do they save? Teaching children how to save and budget is fun and educational and will benefit them too as they become older. The Save, Spend and Share philosophy introduced by www.MyEggNest.com is an excellent system to demonstrate to kids how to get the things they may want or need immediately and how to save for items they'd like to buy in the future. Using this method, you'll teach children good money management and more importantly how at the same time they can help others less fortunate than themselves.

It's so simple! Make it fun and accessible and you'll see how quickly children develop a basic understanding of good money habits. Just get three separate money boxes that you can label up, Save, Spend and Share. The Save box should be used for a longer term large item, like a snooker table. The Spend box could be used for something more immediate like a CD or a new football, something they can buy right now. The Share box is to encourage them to make charitable contributions for others less fortunate than themselves. Every year for example, Children in Need has shown that children love to get involved in charitable events and it demonstrates how relatively young children can learn compassion and reach out to others.

www.MyEggNest.com suggests giving children an amount to start with and teaching them how to divide the money up between the three boxes. Saving in this way will connect children's hopes and dreams with conscientious decision-making and financial values. Take a look at ‛Teaching your child the value of money' www.MyEggNest.com/Info/Teaching-Children-about-Money-Menu.aspx for further ideas on how to cultivate a generation that is generous, responsible and compassionate to others.

Using the practical method of Save, Spend and Share www.MyEggNest.com has teamed up with several companies who over the next few months will be running some joint promotions to show that kids can balance saving and spending in a fun and enjoyable way. Starting with http://www.myeggnest.com/info/freya-design.aspx there's a chance to win money boxes from www.freyadesign.co.uk