Teaching them why they need to save is the most important part of this task, and I’m sure you’ve already developed a good plan for that.
The purpose of this post is to let you know about a really neat tool that you can use to facilitate the actual saving part of this endeavor.
It’s called a Digital Coin Bank, and it works something like this:
First, your child inserts a coin through a slot in the lid. As the coin passes through the slot the digital counter determines the value of the coin based upon its size, then automatically adds that amount to the running total.
Any number of coins can be added (one at a time of course) and the counter will add the value of each coin to the total.
Here’s a short video that shows exactly what I’m talking about: [Read more…]