Smart Start: How Kids Can Start Saving With Just R1 a Week

Saving money might sound like something only adults do, but learning how to save from a young age is one of the most valuable life lessons a child can receive. And the good news? It doesn’t take a lot to get started. Kids usually receive a small amount of pocket money, whether it’s R5 here and there for tuckshop or change from the spaza shop. The key is not how much you get, but how wisely you use it.

Let’s do the maths:

·       Saving R1 per week = R52 a year.

·       Saving R2 per week = R104 a year.

·       Saving R5 per week = R260 a year.

That might not seem like much at first, but by the end of the year, it can buy something meaningful like school supplies, a gift for a loved one, or even starting a small business idea, like selling handmade cards or baked goods.

Tips for young savers

Use a money jar or recycled bottle: You don’t need a bank account to start saving. Any clear container will do. Seeing your money grow over time makes the habit exciting.

·       Set a goal: Decide what you want to save for. A new school bag? A birthday present for ugogo? Having a goal makes saving feel like a mission.

·       Make a chart: Track how much you save each week. You can colour it in or use stickers to make it fun.

·       Ask to help at home: Some families reward children for helping out with extra chores. This can be a great way to earn and save a little more.

·       Avoid spending everything: If you get R10 for the tuckshop, try spending R8 and saving R2. It all adds up!

Learning for life

When kids start saving, they’re not just putting money away—they’re building a mindset. They’re learning how to delay gratification, plan for the future, and take responsibility. These habits will serve them long after childhood.

As the isiZulu saying goes, "Inhlanhla ibambela kwelungiselelwe" – luck favours the prepared. A few rand saved each week could one day be the start of a smart and secure future.