Help kids save for something that matters to them.
Monty makes saving easier to understand by connecting money to real goals kids care about.
Goals make money real
A goal helps kids understand cost, time, patience, and trade-offs.
What parents do
Parents help kids choose a goal and understand the price. How much goes to Save each week stays the kid’s decision, with a parent there to talk it through.
What kids do
Kids track progress, make choices, and learn that waiting can be worth it.
Example: saving for a $75 bike
A kid sets a goal to save $75 for a bike. Each week at Monty O’Clock they put part of their allowance into Save and watch the goal move — $42 of $75, 56% there — until they reach it.
What kids learn
- Patience
- Planning
- Delayed gratification
- Trade-offs
- Progress over time
Protect the goal when possible.
When you add an adjustment, take it from the Spend jar rather than Save when you can. Saving goals build patience and motivation, and a family rule should teach responsibility without making saving feel discouraging.
Parent guide: How to help kids save for something they want.
Questions parents ask
What kind of goals can kids create?
Any goal that has a cost and a timeline works. Kids might save for a toy, a game, a trip, or something they want to give. The goal itself matters less than the habit of working toward it.
Do parents need to approve a goal before it starts?
No. A goal becomes active as soon as a kid sets it. Parents can see it right away and use it as a natural moment to talk about whether it’s realistic — and if it needs a rethink, it can be cancelled with a reason.
Can kids have more than one goal?
Yes. Kids can work toward multiple goals at once, which also teaches prioritisation — deciding which goal gets funded first when money is limited.
How does Monty teach patience?
By making progress visible. Kids can see how close they are to their goal with every allowance or deposit. That visual progress makes waiting feel meaningful rather than frustrating.
What happens when a goal is reached?
Parents mark the goal as complete. This is a moment worth acknowledging — it shows kids that the habit worked, and that their choices led to an outcome they wanted.
Start building money habits with your family.
Create your free Monty Family Account and help your kids practise real money habits this week.