How to teach children to save for something

By SGWNI. Checked 1 November 2026.

Saving is easier with a goal. In the NatWest Rooster Money index for 2026, around 56% of the money saved by Rooster Card users went into pots with a goal, and holidays and travel were the top goal.

Three steps

1. Set a goal together. MoneyHelper suggests small amounts at 5 to 6, and letting children choose what to save for at 7 to 8.
2. Work out how long it will take. The pocket money calculator gives the exact day they’ll get there.
3. Give the money a home. MoneyHelper suggests three jars, for treats, holidays and the long term, or separate accounts or pots.

Keep track of it in Akoro

Akoro shows the exact day a savings goal will be reached from your child’s pocket money. Savings goals are part of Akoro Pro.

Sources

• MoneyHelper: pocket money and saving
• MoneyHelper: learning about money by age
• NatWest Rooster Money Pocket Money Index 2026