Table of Contents

7 Best Children’s Piggy Banks (2022 Reviews)

best piggy banks for children
Updated on

It’s never too early to begin introducing your child to money management skills. Although it’ll most likely be many years before your little one has a real job, exposing them to financial literacy from the very start can help create a strong foundation when it comes to saving, spending, and sharing money. This selection of children’s piggy banks offers a range of features, from keeping track of the amount to providing various compartments for money to be used in designated ways. Whether you’re simply looking for a decorative piggy bank your child can be proud to fill up, or an electronic option that introduces your child to money management skills, these piggy banks are sure to fit the bill, no pun intended.

Best Children's Piggy Banks

  • 1. PJDRLLC Unbreakable Plastic Money Bank

    (Best unbreakable option — $)

    Why it’s great: Made from non-toxic heavy-duty plastic, the PJDRLLC Unbreakable Plastic Money Bank comes in a variety of bright, charming colors that are sure to match your little one’s room. The perfect starter piggy bank for young toddlers, this option makes saving money kid-friendly and straightforward. The built-in plastic knob on the bottom is easy for kids to open and close so they can keep track of their earnings.

    Keep in mind: The piggy bank is smaller than some users expected and would not be ideal for older children who may have larger amounts of coins to hold.

    Good for: Toddlers who are learning how to save and spend their money.

  • 2. FishBoy 2022 Upgraded ATM Savings Piggy Bank Machine

    (Best for learning financial literacy — $$$)

    Why it’s great: Not only does this piggy bank look and act like a real ATM, but it also can encourage your school-age children to practice their financial literacy. The FishBoy 2022 Upgraded ATM Savings Piggy Bank Machine requires a four-digit code to access it and reads and displays each coin that’s inserted into the machine. This piggy bank also allows kids to program a savings goal so they can start focused and motivated to reach their earnings goals.

    Keep in mind: Although this toy ATM piggy bank is password protected, it is not made from indestructible material and should not be used solely for security.

    Good for: Older children who are establishing their financial goals for the first time and could use a piggy bank that helps support their savings.

  • 3. H&W Dinosaur Shatterproof Money Bank

    (Best first piggy bank — $)

    Why it’s great: The endearing characters of the H&W Dinosaur Shatterproof Money Bank makes saving money fun for even your youngest children. This piggy bank is made from durable, non-toxic plastic that won’t shatter so you don’t have to worry about this item breaking in your child’s room. A wide slot on top allows easy coin depositing while the plastic screw-off plug on the bottom is easy to open and close.

    Keep in mind: Due to the design of the bottom opening, it may require some shaking to get all the coins out of the dinosaur piggy bank.

    Good for: Young children who are practicing saving and spending their money for the first time.

  • 4. Smart Piggy Trio Bank: 3-in-1 Money-wise Educational Piggy Bank

    (Best for school-aged children — $)

    Why it’s great: The Smart Piggy Trio Bank: 3-in-1 Money-wise Educational Piggy Bank is divided up into three sections so your school-aged children can decide how they wish to spend their money. With sections to save, spend, and share, this piggy bank for children introduces your kids to basic money concepts. Sturdy, hand-assembled boxes include a magnetic closure to keep coins and bills inside.

    Keep in mind: The magnet on the base may come loose if lifting the boxes and moving them around. It is recommended to keep them on a tray or other flat surface to ensure they stay intact.

    Good for: Older children who are eager to organize their earnings into meaningful ways of saving and spending.

  • 5. Hapinest Ceramic Unicorn Piggy Bank

    (Best for decoration — $)

    Why it’s great: This children’s piggy bank is made from high-quality ceramic dolomite and is hand-painted for an elegant touch. The Hapinest Ceramic Unicorn Piggy Bank is a stunning keepsake that not only holds your little one’s earnings but also looks lovely on a shelf for years to come. The removable rubber stomper on the bottom keeps coins and dollars securely inside unless actively removed.

    Keep in mind: This piggy bank is breakable and not meant to be used as a toy.

    Good for: Parents who want a money-saving toy that doubles as bedroom decor.

  • asher and lyricOn An Important Side Note… Asher and I (pictured) feel it’s necessary to highlight the value of life insurance for parents with young kids. After extensive research, we discovered that parents can get insured for as little as $10 per month. We use Ladder Life who offers coverage up to $3M per parent (without a medical exam, just a few health questions) and you can apply 100% online.

    Get a quote in less than 30 seconds at LadderLife.com ➜

  • 6. Lefree Digital Counting Money Jar

    (Best money counter — $)

    Why it’s great: The clear LCD screen on the Lefree Digital Counting Money Jar makes it easy for little financial planners to keep track of their savings. This children’s piggy bank is made from a durable ABS material that won’t easily break or crack. The counter of all different kinds of coins provides your children with a real-life lesson on money.

    Keep in mind: This piggy bank only counts coins and does not count dollar bills.

    Good for: Children who are working on counting the money they earn.

  • 7. Moonjar Classic Educational Tin Toy Bank

    (Best for learning responsible money management — $)

    Why it’s great: The Moonjar Classic Educational Tin Toy Bank includes three canisters that help your children organize and plan how they want to spend, save, or share their earnings. Created in a functional and attractive diamond shape, this children’s piggy bank is unbreakable and easy for little hands to maneuver. An acrylic band holds the three canisters together, or the band can be removed to use the canisters independently.

    Keep in mind: The rubber band fits tightly around the canisters and can be challenging for young children to place it on correctly.

    Good for: Parents who want to provide their children with early financial independence and encourage their children to save and spend money responsibly.

Best Overall

The PJDRLLC Unbreakable Plastic Money Bank is our overall top recommendation. It's the highest quality product we have found with the most affordable price making it the best value on our list..

FAQs about Children's Piggy Banks

  • 1. At what age can my child use a piggy bank?

    Most children are ready to understand the concept of money around the age of three or four. Each child is different, so if you notice your little one taking an interest when you’re buying items at the store or saving money to buy a special item, it might be an appropriate time to introduce your child to a piggy bank and how they can earn, save, and spend their money.

  • 2. What are the benefits of young children using piggy banks?

    Providing your child with a piggy bank provides numerous benefits. Not only do piggy banks build a strong foundation for financial literacy, but they can also help your children understand the concept of earning money. It can help foster patience and determination as they work to save up for items they wish to purchase.

  • 3. Which style of piggy bank is best for my child?

    For young children, simple, straightforward piggy banks that collect coins are a great first step. Piggy banks with digital counters and separate compartments are perfect for school-aged children who have had an introduction to financial literacy.

  • 4. How can my child earn money to keep in their piggy bank?

    How your child earns or receives money will be dependent on their maturity level and what you feel is most appropriate for them. While some children may want to complete chores, other children may simply want to save money they receive as gifts. As your children get older, they can take on more and more ways to earn money.

  • 5. How do I teach my child what money to save, spend, or share?

    Providing real-life opportunities for your child to save, spend, and share is a simple way to begin their learning in financial literacy. When appropriate, be open with your children about how you use money and model a healthy relationship with how to keep track of your finances.

Conclusion

Piggy banks for children is the perfect way to lay a strong foundation for money management for your child. Rather than simply focusing on making money, your child can use these piggy banks in a variety of ways. Whether they’re looking to save up for a new toy, or set aside a portion of their earnings to donate to a cause of their choice, these piggy banks help foster a healthy understanding of finances. This selection includes a wide variety of piggy banks with unique features designed specifically for young toddlers up to high schoolers. Fun to use as well as display in their room, these child-friendly piggy banks will not only encourage your child’s money management skills but also make it an enjoyable experience!