Moonjar Moneybox Savings Bank – The New Piggy Bank
Make More Cents is proud to announce the arrival of the Moonjar Moneybox Savings Bank. The award winning Moonjar Bank is an enlightened version of the classic piggy bank. Instead of the one-slot to deposit savings, the retro-tin Moonjar consists of three boxes that form a six-sided bank into which children can make three types of deposits. Money they plan to spend goes into the green box; money they plan to save goes into the blue box; and money they intend to share goes into the red box. The Moonjar is created for visual and kinetic learners, kids have a place to set goals and track their progress with this teaching bank whether it is $10 to buy a gift or $10 to send to Haiti, they are learning to make choices and understand the budgeting of those choices!
Created in 2001, by Eulalie M. Scandiuzzi, the Moonjar is a tool for children and families to integrate strong financial values and practices into their daily lives. “You want to teach them responsible spending along with their role in society,” says Ms. Scandiuzzi. “Our mission at Moonjar is to help children and families learn the three basic principles of money management: saving, spending and sharing.”
To implement the save, spend and share concept at your home, Moonjar recommends the following:
- Start the conversation about money early – You can begin conversations about money concepts with your children as early as 4 or 5 years.
- Encourage money as a means, not an end – Discuss the difference about wants versus needs with your kids.
- Make giving a family event – Create a monthly family night where you discuss causes and share ideas for giving.
- Set goals and priorities – Use pictures to help visualize the children’s giving goals and attach them to the Moonjar as ever-present reminders.
- Allow for choices and decision making – Be supportive of the choices your children make.
- Be positive role models – Parents should make their own giving visible, whether putting the donation envelope in the mail together, or clicking the send button for the online donor form.
Keep on saving,