Crack secrets to creating an Easter nest egg

School holidays can be expensive, so keep kids off screens and teach them how to budget with these fun ideas. By VICKY SHAW

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KEEPING kids entertained over Easter can be a challenge to the family finances, but while you're balancing your own budget it could also be a great time to get youngsters into some good money habits.

They may even pick up useful money skills without even realising they’re learning.

Here are some ideas for saving money this Easter - and teaching children some valuable money lessons while you do it:

1. TEACH GOAL-SETTING

Louise Hill, CEO and co-founder of young people’s debit card and app GoHenry, says youngsters received an average of £17.92 last Easter through its Giftlinks option, which allows family and friends to send money to children’s accounts.

She says: “Now’s the perfect time to teach goal-setting. Whether they're saving for something special or a day out, help them track their progress and make smart spending choices by turning half-term into a budgeting challenge.”

Louise suggests: “Encourage them to split their money into two pots; spend and save. This teaches kids the importance of balancing their finances from an early age, giving them a head start in building a secure financial future as adults.”

2. OFFER ‘INTEREST’ INCENTIVES

Louise suggests: “If they save £5 by the end of the two-week holiday, you could add an extra £1 ‘interest’ to show kids how money can grow over time - and encourage patience along the way!”

3. TRY A HOLIDAY SIDE HUSTLE