Piggy bank… Everybody knows piggy bank…
Honestly, I don’t really know why they use pig as the model of coin bank. I know it will not always pig, but yup, piggy bank is very famous.
I bought two coins banks for my kids few months ago. I know, it does look that I am lazy because I have not teach them to save the money in the coin bank. I can see that my kids cannot wait to find out about the piggy bank and they really curious about it.
Finally the opportunity came, two weeks ago, on Saturday, I started to introduce them to their coin banks. I gave each of them two dollars and I told them that when the day go to roads, they may use the money according to what they want. I’ve done this to JJ before, but I have not introduced him to his coin bank yet. I also explained to them both that they can deposit the remaining money in their coin banks and this is called saving. I also explain to them that by saving their money, they can use their money for something which is useful and valuable for themselves and others.
I know, probably by the age they are now ( 4yo and 2 yo) they have not really understood the meaning of saving money. But with the time goes by, they will understand it. So, I think it is good to introduce the savings to my kids early on, with hope that they will learn to be responsible in using their money in the future.
Well, when I gave them two dollars each two weeks ago, they decided to keep one dollar in to their coin bank and another one dollar each in their pockets. They brought their coins outside but then they didn’t use that coin, when they reached home, they saved those remaining coins into their coin banks. Last week they decided to keep all their coins into their coin banks.
By doing this, I hope they will start to learn how to save their money and use their money wisely. There is always a beginning of everything and this is their beginning of learning to save their money. Every weekend, I give them that money and explain to them the purpose of saving. It is not the amount of the money which is important now, but the meaning of saving is very important for them to understand. The money might not only be useful for themselves, but it might be useful for others as well.
I would like to hear from you too… Could you please share your experience on this? How did you explain to your kids about saving… It might become a very useful input for us 🙂