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Teaching Children to Save Money

November 26, 2007

I have 4 young kids that each have a piggy bank for collecting coins and putting their allowance in. When the banks are full we take them to the bank and deposit them in their accounts, usually around twice a year.

 
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August 11, 2011

Encourage your child to save half of any money that they receive, whether it is from their allowance or a gift. Work with them on how they would like to save the money.

 
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Silver Post Medal for All Time! 449 Posts
June 6, 2017

I have this coconut bear coinbank which I got four years ago. This was a freebie from opening a kiddie bank account for my child.

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The bank gave this to encourage parents to teach children to keep at least a single penny a day.

A coin bank with some coins around the base.

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