Toy Coin Banks

Nine Ways to Teach Your Kids to Save

If you're a parent, one of your tasks is teaching your children healthy money management along with showing them how to develop healthy eating habits. Neither skill set comes naturally to children. The money management skills you talk to them about should include both responsible spending and regular saving. How you choose to help them understand finances depends on how old they are. Here are some guidelines.

Under 7 years of age:

By the time a child is 6 or 7, he or she should be able to recognize coin values and understand the basic concept of using money to exchange for stuff you want. It's a perfect time to get them started on healthy attitudes toward money.

Provide a piggy bank

  Very young children need to learn that saving is fun and positive. Piggy banks are cute for a reason--it makes putting aside money more appealing to this age group. You can always buy one and there are a wide variety to choose from. If you want to be a financial role model to your child where savings is concerned, then making one together and decorating it will serve you better.

Help set a savings goal

When the younger set has a place to save like a piggy bank , then it's time to talk about what they want to save money for. Given the short time spans children operate in, help them choose a goal they can understand, such as a toy truck or a doll. Glue a picture of their want onto the piggy bank.

Demonstrate how interest works

Tell your child that whenever he saves a quarter you'll add a nickel and do so in a separate container from the piggy bank. Granted this is a better interest rate than you'll find at any financial institution, it still shows how money gains more value in a bank. It shows the child in a way he can understand.

About age 8 to 14:

"Tweens" are usually ready to take on simple responsibilities, make plans and consider consequences.

Give an allowance or assign chores you pay them to do

In order to save money, you first need to have money. Talk to your tween about how he or she can earn money. Encourage their entrepreneurial spirit by helping them open a lemonade stand or offer dog-walking services to your neighbors. Offer to pay them for extra household or outdoor tasks they don't usually do.

My Haro Haro Coin Bank Toy | Gundam Philippines

I have always liked Haro Haro … That is why me and my GF decided to get any kind of Haro Haro toy we could find. Well we found this Haro toy which is supposedly a coin bank at some Toy store at ETON Cyberpod, Ortigas Center (across Robinsons Galleria) . It is little, about 3.5 inches in diameter. It has its arms out and the flaps opened.

For those who do not know Haro, here is a little history:

The original Haro is a little robot companion built by the main character Amuro Ray . It is a testament to Amuro’s exceptional talent for machines. Haro’s features include a limited range of speech, and the ability to hover (in environments with atmosphere and low gravity) by flapping its appendage coverings. Haro can usually be found rolling behind Amuro’s next door neighbor Frau Bow

src:  http://gundam.wikia.

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