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Childrens Money Boxes Australia
Kids money boxes are a must. By the time they’re all grown up, it’s too late. You have to teach kids the importance of saving and investing early. Here’s why you have to act now and buy money tins and money boxes:
> The average amount of debt per credit card holder is about $3,500.
> Over half a million Australians carry more than $5,000 credit card debt.
> One in seven Australians has no cash reserve for a rainy day.
Bank On A Kids Money Box
Money Boxes are not only practical, they’re fun, fun, fun. Money Boxes come in all shapes and sizes. Superheroes are guarding your pennies, pandas pinching your pennies, and Harry Potter pilfering your pesos. They’re much more engaging and entertaining than the old bank buildings of yesteryear.
Whether you call them piggy banks for kids, a childrens money box, or a money bank, they’re a great tool to teach kids to save their money. The fun designs of these kids money boxes will make it more interesting for kids, which is important, as saving, unlike spending, doesn’t come naturally to children. So along with childrens money boxes Australia, there are a few more ways you can encourage your kids to save…
10 Ways To Use Childrens Money Boxes Australia
Spending comes naturally to children… saving doesn’t. So we need to encourage kids to save and get their financial future off on the right foot. Here a few ideas to get started:
> Have them do some household chores so they will have some money to save.
> Help them set savings goals. If they know what they want to save up for, they’ll be more motivated. And you can help them break big savings goals into smaller goals.
> Offer them savings incentives. For example, you could offer them a $10 bonus for every $100 saved. Or matching their contributions.
> Help them sort different coins and notes so they can see the different value of each.
> Take the time to explain the importance of saving so they understand why they’re using their kids money box.
> Play games like Monopoly.
> Make saving a game. Give them challenges and goals to complete. And be sure to reward them when they succeed with movies, treats and games.
> Let them buy things for yourself. Buying a $2 chocolate bar is boring to you, but it’s super exciting to them!
> Let them help you shop so they can see the importance of money.
> Get them a fun kids money box so they can see what they’re saving.
Piggy Banks Were The World’s First Banks
Piggy banks are nearly 600 years old. That’s older than banks have existed! In fact, piggy banks initially served the same functions as banks: storing people's money. 600 years ago people weren’t storing their money under the bed or in a shoe in the closet. They stored them in a kitchen jar that was made out of an orange clay called pygg. Whenever someone had some extra money to save, they’d put it in the pygg pot. Over time, as the word pygg was used less and less, people began interpreting ‘pygg pots’ as ‘pig pots’, and then later as ‘piggy banks’.
It doesn’t matter if you’re after a girls money box or a boys money box; these kids money boxes will be loved by all. They’ll make saving fun and get their financial future off to the right start.