Giving is the most important lesson, Piggy Bank teaches your kids

I have this big habit of saving. No, not savings in the bank, more in a small secret box in my room. The very thought of opening it and counting my money when it is full, makes me giggle with joy and childlike enthusiasm (Thank you for the advice, Mom). But today when my twins emptied their first piggy banks, I felt rewarded. Their faces were glowing, fingers counting and minds racing between buying something for their doll and stuffed toy or buying treats for the entire family (15 of us including the driver and house helps).


Why Piggy Banks: So at 3 1/2 the kids are becoming increasingly aware about trading money for things at shops, restaurants, kid-activity areas and more. What can be a better time to teach them its value and the attached responsibility. Yes they had fun collecting coins day after day, but had a blast with all the related activities today:

Counting: After the thrill of emptying out the piggy banks, kids started segregating the coins into four different heaps of 1,2,5 and 10Rs. coins. Oh the freedom of counting these was a fun exercise. Of course at 3 1/2 they are too young for addition but it sure can keep the older ones busy. We simply matched the numbers to the coins.


Making shapes: We decided to make alphabets with these and have our little photo-op. In fact we started with a lame J, but ended with a full letter word. An important one at that ‘SAVE’.


Sharing/Giving: Interestingly this seems to be the most important thing we all learnt thanks to the Piggy Bank! It was heartening to see my kids change their plans of buying something for their toys to picking something for the entire family. This was their hard-earned, oops, easy-saved money but they let me in on their decision.

So we decided Ice-lollies for everyone, but they were sitting pretty in the freezer thanks to their doting aunt. Change of plan sent us tatoo-hunting, nothing good there. Then China came to our rescue, as it does for most of the world. We picked up a skipping rope for the four older kids and fancy pencils with animal shaped erasers for everyone. All gifts were made in china and well in our piggy-fueled-budget.


Oh you should have seen the twins distribute the gifts like trophies. Mamma and Papa got one each too, our prized possessions forever.

But let me not take away the importance of saving that is much attached to piggy banks. That lesson is a lesson for life. No matter how well you are doing and how heavy your bank balance, it always helps to save up for the surprise sale in your favourite boutique. And for the rainy day too!

Comments (1)

Brynn Posted on Aug 07, 2015

Bravo!! Hooray for financial education at every age! I say this as a high school economics teacher for the last four years. The kids I taught were the economic elite of my city and the overwhelming didn't have a clue how a credit card worked. They didn't know how much their parents made, where their parents saved their money, what the family's monthly budget was, or the average cost of basic things like internet or cell phones. They had this amazing advantage over literally all other kids in having parents who had an understanding of finances, but their parents who were paying buckets for their education had neglected to teach them anything about actually managing money.

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Charu Chhitwal

Charu Chhitwal, Founder KetchupMoms has daring tastebuds, a love for travel and an owl for her soul. It’s little wonder then that she loves to write and share her tips and tricks on traveling, food,

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