Give them a modern piggy bank.
Money Savvy Generation
A traditional one-slit piggy bank doesn’t teach kids much about money management, says Susan Beacham, chief executive and cofounder of Money Savvy Generation in Lake Bluff, Ill. So Beacham developed the Money Savvy Pig, a see-through piggy bank with four slots: save, spend, donate, and invest. With the Money Savvy Pig, kids learn that money isn’t just for buying things.