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.
🤔 What's The Real Scoop On Sittercity? This Is What We Found Out
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.
🤔 Is Sittercity Right For You? Here's What Sittercity Isn't
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
🤔 Should You Use Sittercity? Check Out What Parents Have To Say About Sittercity
Are your kids money-wise? Are your kids money-savvy? Feel free to share your thoughts.
A nerd at heart (haha), I have been following and analyzing the world of online sitters for a couple of years now and have seen a lot of innovations and changes in this market. In between taking care of my loving (and demanding 😜) family and writing, I also do a lot of “traveling” on the Travel Channel and Discovery Channel. Read More
Kids should really be taught how to save money. They can’t think that everything can be bought with a simple click of a mouse.
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.
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.
It’s really an old fashion way of saving but my kids love their piggy banks. The thing is I always run out of coins. 🙂
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.