Piggy banks are the time-honored tradition for little kids to start understanding some basic principles about money: that you can receive or earn money, that money can buy you things, and that the more money you get, the more you can buy. To most kids, this equates to the simple rule that more money equals more toys.
We love piggy banks and have put together this list of a few of our favorites. And you’ll quickly notice they all have one thing in common – they’re clear.
Why Your Kid’s Piggy Bank Should Be Clear
It’s exciting for a kid to get a coin and to hear it fall into the bank. That clunk of coins is a fun sound to a kid. But if your kid can’t see what’s in the piggy bank, then it just becomes a noise machine. And if you have little kids, you probably already have enough noise in your house.
The most important part of a piggy bank is for the child to see the amount of money in it – not necessarily the value of what’s inside – but the number of coins or bills should be visible. That way, when they add a coin they can see they have more money. Similarly, when they take money out, they can see they have fewer coins in their bank.
Our Favorite Clear Piggy banks
There are all different kinds of piggy banks, even among clear ones, to choose from. This clear $5 one from the container store is cute, basic and gets the job done.
But because everything is digital nowadays, there are piggy banks that count change as it goes in. These digital readers have the added bonus of allowing your kid to see and understand that different sized and colored coins have different values. To a little kid, the fact that a dime is smaller than both a penny and a nickel but worth more makes no sense. In their minds, bigger equals bigger. A digital reader will help impart the knowledge that when it comes to coins, size and value aren’t related.
But don’t always expect an accurate read on these counters. Little fingers putting coins near the sensors can register even when the coin doesn’t get pushed all the way in. If you buy one, plan to use the counter more as a teaching tool than an accurate account of the value inside.
This rather simple jar shaped bank features a coin reader at the top, allowing your kid to not only see the number of coins in their bank grow, they can also see the numbers on the digital reader at the top count upwards.
The Digi Piggy Bank checks all three boxes – it’s shaped like a pig, clear (for the most part), and it has a digital reader on the top.
If you’re looking to impart a little more financial knowledge to your child, the Money Savvy Pig teaches about saving, spending, donating and investing while depositing coins. This clear piggy bank has slots for each category, allowing your kid to not only see the coins accumulate but to understand basic principles about how you can use your money – and that not everything they earn should be spent on toys. Donating and saving is just as important.
But there’s no need to get fancy. Teaching lessons about money is the most important thing. So if you don’t have a clear piggy bank lying around, use a mason jar, old peanut butter jar (washed out of course), or any other clear container you have in your house that can store money. Or you can do what we do for our toddlers: Use a five-gallon water jug.
It’s just as fun and practical as the fanciest of glass piggy banks on the market.