What do you do with all the change in your child's piggy bank? Do you take it after it is half full (for example) and deposit it into their savings account? Or do you let them use that money to buy something?

__________________

Check out my weight loss journey ~ sparkpeople.com/mypage.asp?id=MAMAOF3KIDDIES

we wait until its full then take it to the bank then put it in their cd's money can be added to them at anytime. then we give them 5 bucks to buy something.

__________________
'The will of God will never take you where the
Grace of God will not protect you.'

DD loves to count it. When she can, she trades in the change for dollar bills. Then she trades the one dollar bills for higher demonination bills. Currently she's saving up to get a $100 dollar bill.

__________________
"Poor people work for their money. Rich people make their money work for them."

Well, they each have 1 glass piggy bank that does not get broken until they absolutely cannot squeeze another penny in there...They have each had them since they were born.
If they get money for something (birthday, chores etc) the money gets divided...1/2 into the piggy bank and 1/2 into their wallets. They can choose to do what they want with the $$ in their wallets. But the Piggy banks hopefully will not be broken until they're in their teens and then they'll get broken, counted and deposited into their own first savings accounts.

__________________
Have you been in the Spotlight yet?

When their piggy banks get full or when they feel that it is full we take it in and put it into their accounts for them. The same goes with any dollar bills that they get, they may keep a little out but the majority goes into the account.

__________________
Click on the BLUE words to learn more about mommysavers!!!

Do you like FREE samples?
Check out the BARGAINS this week!
Do CREATIVE minds think alike?

We need to get DD a new one she accedently dropped hers even at under two she loves to feed her piggy. We have a savings account set up for her piggy jar changes goes there as well as her allowance money. Ok so she doesn't know we transfer $5 a month and put any birthday or christmas money there but less then 2 years and she has already save over $300.

We love feeding the piggy!

When she gets older she will have some sort of spending money but for now its save, save save.

__________________
Kimberly Proud Mommy to Bethany Rose April 2006

when my son's piggy get full we count it out and deposit it into his savings. He currently has over $700 in there and he's only 2! I told my dh that in a couple more years he will pass us up! When it gets to $1000 we are going to put it into a cd and start over w/ the savings. We also give him a percentage to spend. When he gets a little older we will also talk with him about giving his 10% to church.

When he gets a job, right?

__________________
September Coupon Savings: 15.18

We had a financial planner speak to our MOPS group last year about teaching kids about money management. Anyway, since then each kid has four small jars. One for short term, medium term, long term, and charity/tithe. They put 30% in the first 3 and 10% in the Tithe jar. We give only give them $1/week for their allowance and we give it to them in dimes so it's easier for them to figure the whole thing out. The short term jar they can spend anytime they want. the medium term jar they save longer for something more expensive, and the long term jar goes into savings. They love it and I kind of feel it helps teach them about saving for things a little better.

__________________
Jenny, wife to Brad, mommy to two crazy little kids with one on the way!

She has a small bank so we don't pile up too much change at once. We pay her for the change and she takes the money to the bank. We deposit it into her account. I later take all the change from the house to a coinstar. The tellers don't like to mess with it and I'm not rolling it.