Piggy Banks Can’t Teach Kids About Debit Card Spending
A piggy bank does not help our kids learn how to spend money they can’t see or touch. Kids see debit card spending at the store, but do they have any idea what you are doing? Using a debit card is like cash spending without cash. Unlike getting cash from an ATM,...
read moreWhy kids think that an ATM is a magical piggy bank
Kids think an ATM is a magical piggy bank. Many kids believe this as early as Kindergarten. One bank survey showed that 40% of 5-year-olds believe you use a plastic card to get free money from a machine. Why is this? Kids believe what they see. For many their earliest...
read morePiggy banks don’t cash checks
Piggy banks love cash. But what do you do if Grandma gives your child a check? That cute little piggy bank is clueless and you have to come to the rescue. Piggy banks don't cash checks. Because your child can’t spend a check, you have several options for giving your...
read morePiggy banks do not teach kids about real banks
A piggy bank teaches kids how to put cash in and take cash out. Piggy banks are cute and sometimes clever. However, piggy banks do not teach kids about real banks. Piggy banks are storage containers Today’s piggy banks provide new features claiming to make them more...
read morePiggy banks are cash only but most parents use cashless methods
Piggy banks are cash only. We do love our piggy banks. They are cute, make great gifts, and we think they teach our kids about money. However, in today's world cash is diminishing in importance. Yet we restrict our children’s money management experience by giving them...
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