One of the biggest lessons I’ve learned about encouraging kids to save money, give generously, and spend wisely is that if I want them to do it, you have to have a system in place. As I mentioned on Monday, we purchased on piggy bank “system” and were given another, and both function much better than the haphazard group of plastic cups we were previously using.
You definitely don’t have to spend much or any money to get a good system in place, though! Here’s some ideas for piggy banks and compartment banks that you can DIY or purchase as you get your kids’ money systems set up:
Here’s a kids’ bank system that likely won’t cost you anything: print these cute tags from Good Gravy Designs, punch a hole, tie a string, and place them around three glass jars!
Here’s an idea you could buy or DIY: little pocket change bags for giving, saving, and spending. We’ve got the bank system worked out, but my four-year-old is constantly searching for a purse to put her money in when she’s ready to go to the bank or put it in the offering at church, so this system would do double duty.
Psst – this is an awfully good time to think about setting up a savings account for your child: you can get a free ticket to the zoo from Ent Federal Credit Union if you set up a child’s savings account by August 31st!
Another “buy or DIY” idea, and this one might actually motivate adults, and not just kids: the “Dream Bank“!
MarthaStewart.com has instructions on how to make this bank out of a plastic bottle you might otherwise throw away.
This moneybox from Moonjar has three compartments (saving, spending, and sharing), something that was more difficult to find for purchase that I thought it would be!
My Giving Bank is one of the less expensive options I’ve found if you want one that has different compartments for different categories (on sale for $12.99 right now).