Teaching kids about money does not have to be complicated. In fact, some of the best money lessons start with something simple like a jar, a few coins, and a goal. A savings jar is a hands‑on, visual way to help kids understand how saving works, why it matters, and how small choices add up over time. It is easy to do at home, costs next to nothing, and creates teachable moments.
Step 1: Choose the Jar Together
Start by letting your child pick the jar. It could be:
- A mason jar
- A recycled container
- A plastic jar for younger kids
Clear jars work best because kids can see their money grow, which is a powerful motivator for young savers.
Tip: When kids help choose the jar, they are more likely to take pride in using it.
Step 2: Make It Their Own
This is where creativity comes in. Let kids decorate their savings jar with:
- Stickers or markers
- Construction paper or washi tape
- Glitter or paint
- Their name written on the front
Download our label template to get started, or you can also tape on a picture or draw what they are saving for. When kids have a personalized jar, saving feels less like a rule and more like a goal they choose themselves.
Step 3: Set a Simple Savings Goal
Help your child decide what they are saving for and how much they need. For younger kids, keep it achievable:
- $5 for a toy
- $10 for a book
- $20 for a game or activity
Write the goal on a label or note and place it on the jar. Goals help kids understand why they are saving and builds patience along the way. You can always up the goal after a few times.
Step 4: Decide Where the Money Comes From
Talk about how money gets into the jar. This might include:
- Allowance
- Chore money
- Birthday or holiday gifts
- Loose change
This is a great opportunity to explain that saving is a choice. When they earn money, they decide how much to spend now and how much to save for later.
Step 5: Make Saving a Routine
Consistency makes a big difference. Choose a regular time to add money to the jar:
- Once a week
- After completing chores
- Whenever they receive money
You might even make it a family moment by counting coins together and talking about progress. These small routines help build lifelong habits.
Step 6: Celebrate Progress
As the jar fills up, take time to notice the progress. Count the money together or track it with a simple chart. Seeing how small amounts grow will build confidence and excitement.
When your child reaches their goal, celebrate it:
- Count the money together
- Let them use it for the goal they planned
- Talk about what they learned from saving
A savings jar might seem small, but the lesson behind it is big. Kids learn that money does not have to be spent right away, that goals take time, and that planning ahead pays off.
Download our Savings Jar Label Template Here.
Bank Five Nine Good Savers
Bank Five Nine’s Good Savers Account is designed just for kids and teens, giving young savers a simple way to start learning about money early. With tools and resources built for growing minds, it helps show why saving matters and how small habits today can make a difference tomorrow.
By building good saving habits from the start, the Good Savers Account helps set kids up for long‑term financial success and a strong future with confidence.
Learn more about the Good Savers Account here.
