Coin Banks for Children
Giving a coin bank to your child or a child you know can teach them valuable lessons about the importance of saving money. A coin bank provides a physical and fun way of keeping track of money so that kids will quickly get acquainted with the notion of cost and benefit when they're deciding whether to buy that latest video game or trendy top.
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Ceramic Piggy Bank
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The original coin bank for children, a ceramic piggy bank is functional and traditional. Ceramic piggy banks are also available in different animal styles that are tailored to your favorite little cat or dog lover. Kids are likely to treasure a ceramic piggy bank for years as a simple yet constant reminder of how their hard work can pay off.
Electronic Coin Bank
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Does your child insist on re-counting their savings every time they earn a little more? Consider an electronic coin bank, which will count money for your child as he or she deposits it. Electronic coin banks are inexpensive and available in a variety of styles. They have the additional benefit of providing a clear display of how much money your child has saved, as opposed to the mystery of the ceramic piggy bank.
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Toy ATM Savings Bank
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Also inexpensive, a toy ATM-style coin and bill bank will teach your kids about depositing and withdrawing in a real-life format. Like an electronic coin bank, a toy ATM will tell your child how much he or she has saved, but it will also reflect the balance whenever he or she takes money out for that all-important dime store purchase.
Electronic Coin Sorter
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If your child loves to stack his or her coins in neat and orderly piles, get an electronic coin sorter that will do the stacking for them. Many models will even wrap the coin stacks in paper, ready for depositing at the bank. An electronic coin sorter combines the advantages of the electronic coin jar with the possibility for real-life lessons in using the bank to instill lifelong lessons about financial stability.
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- Photo Credit piggy bank image by pershing from Fotolia.com
