It's time to save all the monetary gifts this holiday .. Need more than 1. Help teach your children as young as 5 the foundation financial literacy which is to save and manage money. A piggy bank ( more like 3 piggy banks 😁😁) Every time your child gets cash, whether it's an allowance or birthday money, he/ she can allocate a percentage to a piggy bank. One for spending, saving and giving. 1. The spending piggy bank (40-50%) :- These are the funds that children get to spend as soon as they want. I mean pocket change for sweets, small toys. Tip: Giving children an allowance made up of small denominations makes splitting it up easy. If a child has to wait for change, a portion of it may never end up in the savings or giving banks. 2. The Saving piggy bank (30 - 40%):- Cash is put here towards a more expensive item. Some younger kids may find it helpful to write their goal down or paste a picture of the item near the piggy bank as a constant reminder. (Mini vision board😜) 3. The Giving piggy bank (10-20%):- When it comes to giving, kids tend to get excited about helping other students (e.g donating school supplies) or the environment. You can consider letting your child help choose a cause. As parents, you can pay pay interest, say 5% on the funds in the savings piggy bank. As kids see the interest accumulate, they understand better between saving and spending. Parents, please borrow from the spending piggy bank only ...don't repeat what our parents did to us🤣🤣🤣🤣