Kids And The Piggy Bank

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As an exciting incentive, the child can look forward to buying a toy with the money saved.

There are several ways to teach children the value of money and the wisdom of saving some for a rainy day. The most effective way is to introduce them to the iconic piggy bank.

As early as age two, children can be taught to put coins through the slot and feed the hungry pig. The concept of keeping the money inside the pig until it is full excites the child’s imagination.

This practice develops the sense of putting value on money and how small coins serve a worthy purpose.

Eventually the child will feed the pig with coins he finds around the house. This practice develops the sense of putting value on money and how small coins serve a worthy purpose.

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While the thought of feeding the pig with coins is fun for a while, the child can eventually learn the real purpose of saving money. The mere thought that the coins make up a larger sum of money, the child can appreciate that each cent matters.

As the child matures, he can graduate to using other kinds of “piggy banks” more suitable for his age. Parents can help the child design coin banks according to his favored cartoon characters or preferred sport. Related read: save money on your babysitter

As an exciting incentive, the child can look forward to buying a toy with the money saved. Once the piggy bank is full, the parent and the child can count the money together and decide on how to spend it.

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Maybe it is for a new toy, book, shoes the child wants to buy, the act of saving up for it creates a big impact on the child. This bonding activity teaches the child patience and willingness to save money.

The discipline of saving money starts at young age. This is a discipline that stays for a long time. The parent’s effort to teach a child to save money can help define his outlook on spending at a very early age.  There is no doubt that the concept of saving is one vital lesson every kid should learn. Related read: Find an affordable sitter in your neighborhood

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Are your kids money-wise? Are your kids money-savvy? Feel free to share your thoughts.

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5 thoughts on “Kids And The Piggy Bank

    1. Good point you made there. With the onset of the digital age, it’s much easier to spend online. Kids might forget the fact that they need to make and to save money before spending online.

      Reply
  1. You’re definitely right! Kids should learn about the concept of saving. Nowadays, kids just touch the screen of their devices to download a game or something. They’re not aware that they’re spending money. They should really learn about the concept of saving before it’s too late.

    Reply
  2. Good article, You’re right, kids should be taught about saving money at a very early age. I’ll give that piggy bank activity and your promo coupon a try.

    Reply

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