Piggy Bank: How To Teach Toddler to Save Money

Oyasumi nasai mommies 😉

May you have sweet dream.

Tonight, I love to share tips on money matter *giggles*.

For parents who are committed to a philosophy of frugal living, teaching kids to save money is a top priority.

Money management must be learned *uh oh!*.

Big bro & big sis with Raya’s present from Nek Mi 😉


Teaching toddles to save money isn’t easy, however it’s worth it!. They usually want to spend money they receive immediately.

Often to encourage savings, you may need to show your toddlers the benefits of saving in exaggerated ways. Once they understand the concept you can back off a little.


Piggy bank: Owned by KiruaMi-cHan & ReiHi-cHan


Piggy bank: Owned by YunaFi-cHan & HidE-cHan



Here are some tips on “How To Teach Toddler to Save Money“:

Things You’ll Need:

  • Savings Account or Jar
  • Piggy Bank
  • Pictures

Step by step guide

For every dollar your child saves, offer to put in a matching contribution. When they are little, you might be able to match 100%. Once they are older 25% or 50% might be reasonable to encourage them to save.

  • Step 1 : Open a Savings Account.
    Encourage your toddlers to deposit a portion of money he earns into a savings account and track the interest earned on his/her account.
  • Step 2 : Encourage Them to Set Goals.
    If they want to purchase an expensive gift, hang up a drawing of an empty thermometer.
    As they save their money, color in the thermometer. They’ll be able to track their progress visually.
  • Step 3 : Give Non-monetary Savings Rewards.
    Young children may not understand that RM 10 tomorrow is better than RM5 today.
    Consider rewarding children with things special to them for saving their money: stickers, books, toys, and special outings can be helpful.
  • Step 4 : Make a Wish List.
    Encourage children to identify fun things to spend their money on.
    For older children, prioritizing the list can be a helpful challenge.
  • Step 5 : Display a Picture.
    Hang a picture of a wanted item off their wish list on the wall.
    If your child is saving for a special purchase, hang up a picture to remind them of what they are working towards.
  • Step 6 : Save Money in Front of Your Children.
    Keep your own piggy bank or deposit money in the bank when you are with your children.
    Explain what you are saving for and your children will mimic your behavior.
  • Step 7 : Help Them Spend Money.
    Occasionally, children will get so focused on saving their money, that they won’t spend any money along the way. Help them enjoy their money by spending some on small purchases or surprising them by buying something they’d like.



  • Praise your child for any amount of savings *hugs n kisses!*.
  • Encourage your child to keep saving even if he wastes his money.


Don’t forget to try this money project with your toddler!

Gambatte ne ;)

May Allah swt always blessed your family. Amin~


About MamaFiza

Born in 1984. Family 1st; living in boulevard of peace, loving my treasured family, fully breastfeeding my precious 4 kids (tandem nursing) *30 months duration for each of 'em*, homeschool advocate, book writer, Work-at-Home-Mom (WAHM), certified Lactation Counselor (LC), official ZIN, yoga + pilates enthusiast, no pacifier & no maid rules! [Praise to God]

24. October 2008 by MamaFiza
Categories: My Fun Homeschool | Tags: , , , | 3 comments

Comments (3)

  1. wah…sungguh cantik tabung itu…ku suka…

  2. thanks dear for your prayer. all the best to you!

  3. hi dear..
    tabung tu sgt transparent…
    hihi..yet, our children will how much they have keep in there!!!
    arigato gozaimasu!!

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