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Say hello to Banks The Pig!
The perfect money management tool for children ages 3 and up. According to a study conducted by Cambridge University, financial habits are set by age 7. This revolutionary piggy bank is divided into 4 sections to help children develop context around money, build self reliance and encourage wise decision making. Parents can help guide their children to be financially literate by helping them learn the fundamentals of basic financial concepts like saving, spending, donating and investing.
Set short and long term saving goals by putting money into this slot to use at a later date.
Tip: If your slot gets too full, ask a parent to open up a savings account at the bank. That way, you can collect interest on the money deposited and watch your savings grow even quicker!
Use this slot for items you plan to buy soon.
Tip: Spend responsibly! Make a list of what you want in order of priority. A smart spender always has a budget and compares prices at different stores to secure the lowest price.
Help people in your community and around the world by giving a portion of your money to charity.
Tip: Ask a parent to help you find organizations that help raise money for issues that interest you.
Investing helps grow your savings. Start investing a portion of your money into good companies, real estate or even starting your own business.
Tip: Make sure to research and learn about the companies you invest in. Sometimes your investments can succeed, and sometimes you can loose money. Always make sure to ask your parents about the the risks involved before making any decisions.