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5 Engaging Activities to Instill the Habit of Saving and Giving in Children

Hey there, parents and educators! It's never too early to start teaching your little ones about financial responsibility. In today's fast-paced world, understanding the value of money is crucial, and it's our job to guide them. Saving and giving are not just financial concepts; they are life skills that shape responsible, empathetic adults. So, let's dive into some fun and engaging activities that can help instill these vital habits in children.


Table of Contents

  1. Piggy Bank Project: Making Saving Fun

  2. Family Savings Challenge: A Team Effort

  3. Charity Jar Initiative: Cultivating Generosity

  4. Budgeting for a Mini Event: Practical Money Management

  5. Visit to a Local Bank or Financial Institution: Seeing Finance in Action


crafting piggy banks to learn about saving

1. Piggy Bank Project: Making Saving Fun

Turn Saving into a Creative Adventure

Objective: The good old piggy bank is a fantastic way to introduce kids to saving. But let's add a twist by making it a craft project!

Activity Details: Grab some recycled materials and have a blast designing and creating personalized piggy banks. This hands-on activity not only sparks creativity but also makes the act of saving more tangible and exciting.

Discussion Points:

  • Understanding the Value of Money: Talk about why we save money and how it can help us in the future.

  • Patience and Goals: Discuss the importance of setting savings goals and the satisfaction of reaching them.

Key Takeaways:

  • Making piggy banks is a fun way to learn about saving.

  • Discuss the value of money and the joy of reaching savings goals.

family budgeting and saving together

2. Family Savings Challenge: A Team Effort

Building Financial Responsibility Together

Objective: Saving can be a family affair! Setting a collective savings goal (like for a family vacation) teaches children the power of working together.

Activity Details: Choose a goal and track everyone’s contributions. This could be a chart on the fridge or a joint piggy bank. Celebrate milestones to keep everyone motivated.

Discussion Points:

  • Collaboration and Common Goals: Emphasize how saving as a group can help achieve bigger dreams.

  • Impact of Collective Efforts: Show how everyone’s contribution, no matter how small, adds up.

Key Takeaways:

  • Collaborate on a family savings goal.

  • Learn the importance of working together and the impact of collective efforts.

teaching kids finance through charity

3. Charity Jar Initiative: Cultivating Generosity

Learning to Give Back

Objective: It’s crucial to balance saving with giving. A charity jar is a tangible way to teach this.

Activity Details: Set up a jar where family members can contribute. Periodically, choose a charity to donate to, involving the kids in the decision.

Discussion Points:

  • The Joy of Helping Others: Talk about the importance of supporting those in need and how even small contributions can make a big difference.

  • Understanding the Impact: Discuss where the money goes and whom it helps, which can be very eye-opening for kids.

Key Takeaways for Skimmers:

  • Set up a family charity jar.

  • Learn about helping others and understanding the impact of donations.

family budgeting for a big event

4. Budgeting for a Mini Event: Practical Money Management

Hands-On Financial Planning

Objective: Real-life budgeting skills come from real-life practice. Planning an event within a budget is perfect for this.

Activity Details: Let's say it’s a birthday party. Set a budget and involve your child in every decision – from decorations to snacks.

Discussion Points:

  • Prioritizing and Decision-Making: Understand what’s essential and what can be skipped.

  • Managing Costs: Learn to make the most of a limited budget.

Key Takeaways for Skimmers:

  • Plan an event on a budget.

  • Teach prioritizing expenses and managing costs effectively.

taking trips to the local bank to teach kids finance

5. Visit to a Local Bank or Financial Institution: Seeing Finance in Action

Bringing Financial Concepts to Life

Objective: There’s no substitute for seeing how financial systems work up close.

Activity Details: Arrange a visit to a local bank. Prepare some questions beforehand and let the kids interact with finance professionals.

Discussion Points:

  • How Banks Operate: Understand the role of banks in managing money.

  • Importance of Savings Accounts and Interest: Learn about savings accounts, interest, and how money can grow over time.

Key Takeaways for Skimmers:

  • Visit a bank to see how it operates.

  • Learn about savings accounts and the concept of interest.

Building a Foundation for Financial Responsibility

Wrapping up, each of these activities is a stepping stone towards instilling good financial habits in our children. It's about making learning fun and relevant. Remember, the lessons they learn now about financial responsibility for kids will shape their attitudes towards money for a lifetime.


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