Coins for St. Nicholas Day
St. Nicholas Teaches about Money
St. Nicholas is known for giving gold or coins to those in need. So, coins make a fine shoe treat for children.
If coins are given with three-part coin banks St. Nicholas can help teach children about managing money.
There are only three things that anyone can do with money: SAVE it, SHARE it, or SPEND it.
Give a Spend-Save-Share bank with a small bag of quarters, dimes, and nickels to each child. This helps children “see” how money can be used. Talk with your children about saving, spending, and sharing before they each divide up their coins.
How much to save?
How much to share?
How much to spend?
A small pouch of coins filled with a gift of $5 or $10 makes plenty of coins to divide. After talking about SAVING, SPENDING, and SHARING, let your children decide how to divide their coins.
The Save-Spend-Share banks will be useful long-term. When children receive allowance, gift, or other money, they may continue to decide how to divide it up between SAVING, SHARING, and SPENDING. A good understanding for all of life.
Sources for three-part banks:
Three plastic blocks that fit together like large building blocks. Each block is 3.5-inch cube. There is plenty of room for coins and bills.
Available from amazon.com
Three tin banks with acrylic tops, 5x5x5-inches when put together. Each bank is large enough of both coins and bills.
Available from amazon.com, amazon.ca or amazon.uk
Put “Save” “Spend” and “Share” labels on plain piggy banks. These are 4¾x3¾-inches.
Available from amazon.com and help support stnicholascenter.org; thank you
Four compartment pig: “Save” “Spend” “Donate” and “Invest”. These are 8½x6-inches.
Available from Money Savvy.
Adapted and expanded from St. Nicholas Day Gift Ideas, Crate & Barrel.