Make a Piggy Bank - Homeschool Buyers Co-op

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Summary:

Make a Piggy Bank

Contributor:

Sandra Jacobs

Savings:

varies

Description:

Here's a Money Tip for your kids and a great lesson!

A simple savings lesson with a piggy bank, shoe box, or empty peanut butter jar. Your children may want to decorate the "bank," while explaining to them how you also use a real bank to save your money. Encourage your children to save a portion of their "income" for a special goal. As they save money, you could reward them with a small additional amount, like a bank pays interest. At the end of every month, calculate how much they have saved and then add in a certain percentage as interest.
Use a simple visual chart of their savings (include the goal) so they can easily see their savings grow.

Downside:

Editor's Note:

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