Baby Banks: 5 Ways To Save With Piggies, Elephants & Copper Shoes
My husband and I made the decision early on that we would open a savings account for each one of our children on their second birthday. I had a savings account growing up and it gave me a real sense of pride every time I made a deposit – even if those deposits were sometimes $1.75. I think that saving money provides older children with a better understanding of the value of a dollar, and it’s never too early to start that understanding.
It all begins with a basic piggy or savings bank. Gifts from family or friends as well as your own loose change can be ‘deposited’ in the bank. Once the money builds up you can head over to your local bank to pick up coin rolls to roll up the loose change before making the deposit into your child’s account. Kids love to help with the coin rolling as they get older! It has become a favorite pastime for my two girls.
Our very own Becka Robinson, who also contributes here on Disney Baby has fond memories of her first savings bank:
“I still remember mine. It was silver and looked like a merry-go-round. My dad would stick dollar bills in it and I’d think that the bank was magical to turn my coins into dollars.”
So very lovely! My first savings bank was a replica of a Canadian post mailbox. You would deposit the money in the letter slot and then empty it by removing the plug from underneath.
Whether you choose a mailbox, a shoe or the classic piggy, your child will thank you in the future for thinking of their finances so early on. Here are 5 adorable savings banks that I think are just perfect for babies.
Read more from Nadia at Child Mode and giggleGAB. You can also follow Nadia on Twitter, Facebook and Pinterest.
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