How to Build a 4 Part Kids Bank
How to Build a 4 Part Kids' Bank to Teach Wealthy Habits
Welcome! You're probably a parent who recently visited my How to Teach Wealth Habits to Your Kids or How to Use Kids' Giving Banks and Tithing Banks Squidoo lens and wants to know about the 4-part bank for your kids. Or, you may be a homeschooling parent or have children in public or private school and want to make sure that they grow up knowing about how money works. Great! You're in the right place.
[If you didn't come by way of my other "Kids & Money" lenses, then this lens will make alot more sense to you if I clued you in that my e-book "The Kids' Bank Book" is about teaching wise money management to your children with fun, ease, smiles and laughter. One of the tools in the book is a 4-part "Giving Bank," "Tithing Bank," or "Abundance Bank."]
Let's get to it!
What's in a 4-part "Giving Bank" or "Abundance Bank"?
A "Giving Bank" or "Abundance Bank" or any other name for a 4-part bank usually has an aspect of donations to it.
- MORE MONEY part
- Spending part
- Donations part
- Christmas/Holiday/Birthday Gifts FOR Others part
How to Make a 4-part "Giving Bank" that Works
- Get 4 coffee cans (yes, I know Starbucks and DunkinDonuts don't sell coffee in cans, so maybe a short oatmeal container would work) for each child
- Put a large slot in the top of each
- Put all of your kid-friendly paints, markers, glitter, glue, scissors, stickers, inkstamps, construction paper, felt, yarn, ribbon and pipecleaners (and 4 containers) onto your kitchen table.
- Invite your children to the table
- STAND BACK - WAAAAAY BACK
- After the children have fallen to the floor exhausted from artistic expression, let the artwork dry
- Get a shallow box bottom to hold each set of four cans
- Ask each child to write the Bank's name on each can (or on a paper and glued to each can) -
- More Money
- Christmas/Holiday/Birthday Gifts
- Insert an envelope into each can to hold the dollar bills neatly
- Smile - you and your children have done well :)
- Think to yourself, hmmmm, I bet they'll embrace their own creation more than that lifeless plastic sub-divided plastic thing that I almost bought and stuck onto their bookcase ;)
4-part and 3-part banks for kids
These 3-part banks and 4-part banks for kids are a good start. Do they have drawbacks? Sure. Are they perfect? No. But, they're a really good start & their imperfections can only be overcome by making your own 4-part bank. So, unless you're inclined to get real crafty this weekend, get one of these. I prefer the LearningCents one because of the large containers and slots and easy-to-open features.
The Must Read Book for Parents to learn how to have Money Work for You
Kiyosaki is a great story teller, which makes this book super easy to read. Learn what the rich teach their children that the middle class and poor don't. Remember, you can't teach concepts that you don't know.
Get this awesome book on CD format - so you can read it in the car - and then, you can listen to it with the kids in the car!
My Current Favorite Quote
Do What You Can
Where You Are
With What You Have.
- Teddy Roosevelt
Or, your questions about kids and money.