The Best Give Save Spend Banks for Kids

Teaching your kids valuable life skills is an important part of parenting.

And one of the best lessons you can teach your kids is how to manage their money.

Teaching them how to take control of their money – including how much to give, how much to spend, and how much to save – is an important life lesson they can take with them into adulthood.

And with give save spend banks, your kids can put your money lessons into practice.

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Piggy bank on a pink background that says give, save, spend.

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Give Save Spend Banks for Kids

Using a spend, save, give bank is a great way to help your child put the money lessons you’re teaching them into practical action.

And since there are a variety of different banks to choose from, finding the right one for your kids is essential.

As you’re searching for a good educational bank for your own children, consider some of these give, save, spend banks for kids.

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Moon Jar Bank

This award-winning three-in-one money jar is a great way to help your kids learn about budgeting.

The moon jar bank is made up of three color-coded pieces for saving, spending, and sharing.

In addition to the money containers, the bank also comes with a ledger to help your kids keep track of the amount of money they have in each jar.

Bank Blocks

Any LEGO-loving kid would enjoy keeping their money in a set of Bank Blocks.

These stackable blocks feature a slot on top so your kids can easily add the money they earn.

And with three blocks – one for spending, one for saving, and one for sharing – your kids can have fun budgeting their money. 

Smart Piggy Bank

Help your kids learn how to budget with a smart piggy bank.

This bank is made up of three different boxes marked save, spend and share.

Each box has a slit on top to easily add money inside.

Or open the lid to keep track of how much is added to the box with the handy ledger on top.

Save Spend Share Piggy Banks

With the help of this cute set of piggy banks, your kids can sort all their change with ease.

The bank set comes with three piggy banks featuring the words save, spend, and share on each bank.

The slot on top is large enough for all coins.

And your kids can easily remove and count their change through the hole on the bottom of the bank.

Wise Owl Teaching Bank

Your kids will love this cute owl-shaped teaching bank!

The brightly colored bank features slots for saving, spending, and sharing.

Just place the coins in the slots on top to easily sort through your child’s change and help them learn about budgeting.

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The Piggy Box

With the help of the free app that goes along with The Piggy Box bank, your kids can easily track their savings.

The box bank comes with three stackable boxes labeled give, spend, and save.

Featuring pull-out drawers inside a handcrafted box, this helpful bank is great for introducing your kids to budgeting.

Personalized Bank

Personalized save spend give bank

Add a personal touch to your child’s budgeting with a personalized bank featuring their name.

This custom bank features a wood frame and three containers for holding your child’s money to save, give, and spend.

Cash Envelopes

Give, save, spend cash envelopes

Using a cash envelop system is a popular budgeting method.

Why not introduce the method to your kids at an early age?

This set of envelopes features three containers – save, spend and give.

And since the plastic envelopes are clear, your kids can easily see what’s inside at a glance.

Money Jar Labels

Give, save spend money jar labels

Make your own save, spend, and give money system for your kids with the help of these labels.

Just download the labels, print them out, and place them on a set of jars to create an educational banking system for your kids at home.

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Mason Jar Banks

Give, save, spend mason jars in a personalized holder

You’ll love the rustic look of this set of mason jar banks.

Personalize the wooden box with your child’s name, then place the mason jars inside.

The jars are labeled to help your kids save, spend, and give. 

Fun Give, Save, Spend Envelopes

Rainbow-themed give, save, spend envelopes

These cute envelopes are another simple way to help your kids sort their money.

They’ll love the adorable rainbow print on each bag.

And you’ll love how easy it is for your kids to sort their money and learn about budgeting.

What is Give, Save, Spend?

Teaching financial literacy to your kids is an important life lesson.

And one of the best methods for teaching kids how to manage their money is using the spend, save, give philosophy.

With this teaching method, you tell your kids that there are three main things you can do with your money: spend it, save it, or give it.

  • Spend it. Money earned is often money spent, so having a spend category in your child’s budget is essential. The money your kids place in the spend category can be spent on anything they want, as long as it’s within their budget.
  • Save it. Saving is an important financial lesson for your kids to learn, so having a way for your kids to set some of their money aside is essential. Your kids can set a goal for themselves to save up for a big purchase or simply set aside this money for their future.
  • Give it. The final portion of this popular financial lesson involves teaching your kids to set aside money to give or share. Teaching your kids to give some of their earnings to others is a great way to instill the idea of philanthropy into them at an early age. Your kids can use the money placed in the “give” section of their bank to donate to a charity, purchase birthday or Christmas gifts for others, or use at a school fundraiser, for example.

How Much Should Kids Give, Save, Spend?

Figuring out the right portion of income to place in each category of give, save, and spend can be difficult for adults!

So, coming up with an idea of how much your kids should give, save, and spend each week is essential to helping them learn the concept on their own.

There are a few different ways you can determine how much your child should be setting aside in each of the three categories, like:

  • The 10 percent rule. One of the most popular methods for figuring out how much to save and give each week is to use the 10 percent rule. This rule says that you should set aside 10 percent of your earnings for savings. And the 10 percent rule also applies to giving. So, each time your child adds money to their bank, divvy up 10 percent of their earnings to add to the save category and 10 percent to add to the giving category when using this rule to determine how to divvy up their income.
  • Their goals. While using percentages as a way to determine how much your kids should place in each bank is a great starting point, it’s also important to consider your kid’s saving and giving goals when helping them figure out how much money to place in each bank. If your child is saving up for a big purchase or wants to make a big donation to their favorite charity, they might need to add more money to that bank to help them reach their goal more quickly.
  • Parental matching. Although parenting matching isn’t required when teaching your child how to give, save, and spend, it is a popular addition to this financial lesson. Since most banks pay interest on savings accounts and employers often match contributions to retirement accounts, matching your kid’s contributions to their savings bank is a great way to teach them how savings work in the real world. You can match their contributions dollar-for-dollar or simply add a percentage to their savings account based on how much they’ve saved themselves.
  • Your child’s age. Another thing to think about when determining how much money your child should add to each bank is their age. That’s because a younger kid has fewer financial responsibilities than an older child. While a preschooler might be saving up for a new toy, a teen has regular bills to consider, like paying for their cell phone and putting gas in their car.

Want an easy way to show your kids how much to save, give and spend? Your kids can use this money wheel to have fun learning how to divvy up money into the proper categories based on how much they have. There’s even a customizable section! Grab your money wheel here.

Money wheel with save give spend on it.

Teaching kids how to manage their money into give, save and spend categories will go a long way in helping them create good money-management skills for life.

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