Teach Them Delayed Gratification Through Savings

Help Your Kids Build Life-Long Financial Skills

Teaching kids the value of saving is one of the best gifts you can give them. Delayed gratification—waiting for something better instead of choosing immediate rewards—forms the foundation of smart financial habits. With S’moresUp’s savings features, like the Oink Oink Bank and goal-setting tools, you can make this life lesson fun and engaging for your kids.

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Why Teach Delayed Gratification?

1. Encourages Better Decision-Making:

   • Kids learn to prioritize needs over wants, an essential skill for adulthood.

2. Promotes Financial Responsibility:

   • Saving teaches kids how to manage resources effectively.

3. Builds Patience and Discipline:

   • By waiting for a larger reward, kids develop self-control and perseverance.

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How S’moresUp Teaches Savings

1. Oink Oink Bank:

   • A virtual savings tool that lets kids allocate their S’mores Points toward savings.
   • Teaches them to save gradually for bigger goals, like a coveted toy or experience.

2. Auto-Allocate Savings:

   • Parents can set a percentage of earned points to go directly into savings.
   • This automated feature reinforces the habit of saving with every chore completed.

3. Goal Tracking:

   • Kids can set specific savings goals in the app, track their progress, and see how close they are to achieving them.
   • Progress bars and milestones keep them motivated to reach their targets.

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How to Get Started with Savings in S’moresUp

1. Set Up the Oink Oink Bank:

   • Navigate to the Savings Section in your child’s profile.
   • Enable the Oink Oink Bank and set a savings percentage for their S’mores Points.

2. Define a Goal:

   • Help your child choose something they want to save for, like a special outing or a new toy.
   • Set the target amount and show them how to allocate points toward that goal.

3. Encourage Progress:

   • Celebrate savings milestones to keep your child motivated.

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Tips for Teaching Delayed Gratification

1. Start Small:

   • Use short-term savings goals (e.g., saving for a small reward in a week) to introduce the concept.

2. Be Positive:

   • Frame saving as an exciting challenge rather than a restriction.

3. Lead by Example:

   • Share your own savings goals and how you’re working toward them.

4. Celebrate Milestones:

   • Recognize progress with encouragement or small incentives along the way.

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Examples of Savings Goals

1. Short-Term Goals:

   • Saving for a small toy or treat within a week.

2. Medium-Term Goals:

   • Accumulating enough points for a family outing or a special activity over a month.

3. Long-Term Goals:

   • Working toward something big, like a new gadget or a bike, over several months.

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The Long-Term Benefits

By teaching delayed gratification, you’re equipping your kids with skills that extend beyond money management. They’ll learn patience, responsibility, and the importance of working toward long-term goals—skills that will benefit them in all areas of life.

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Start Saving Today

Log in to S’moresUp and set up the Oink Oink Bank for your kids. Help them define their goals, allocate their points, and track their progress. Because saving isn’t just about money—it’s about teaching values that last a lifetime.