search cancel – A Piggy Bank With Interest Rates

PiggyBankInc.comDo your children think money grows on trees? Do you want to make them responsible and appreciative young people? could help you teach your children about the value of money and the importance of saving. gives you a virtual piggy bank. Do you remember your old porcelain piggy bank that you had to smash open with a hammer to et your coins out of? Although it did serve its purpose at making you save money, it never taught you about keeping banking records and interest. These day children are growing up in a different environment and technology is a daily part of their lives so you might as well take advantage and teach them something valuable. At you can set up an account for your children that will record how much they earn, how much they spend and you can even give them weekly interest. Go to the site and create an account. When you create an account you can add as many children as you like. Go to the settings and choose how much their weekly allowance is, weekly interest rate, and when payday will be. Your child can then record deposits and withdrawals that will have the dates included in the statements. Your child can check their account history to see how much money they have left after a months allowance and a trip to the amusement park. is a great way for your children to learn how to appreciate money. In Their Own Words

“Get an automatic weekly email reminder of their updated allowance balance. Update their balance yourself: withdrawals for when they make purchases, deposits when they do chores or they ‘deposit’ cash from other sources with you. Encourage them to save by giving them a weekly interest rate, teaching them first-hand about compounding interest.”

Why It Might Be A Killer is easy to use. Setting up an account is very easy to do and managing the account is easy enough for children to understand and handle. is a great idea for families, because it is an educational activity they can do together. Children will enjoy feeling control over their allowance and parents will be happy that their child is learning about financial situations. Children will think twice about buying a play station when they see how it affects their bank account.

Some Questions About could come up with a web design that is more child friendly, add more colors and images so that children become more engaged while using the site. could also include a notes section where the children could plan out future investments, such as when they are 16 they want to buy a car, so they know how much do they need to save each month over 6 years to buy their dream car.

Author : Charly Zaks

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