Piggy bank saving
An allowance can be a good way for children to learn about money. For example, you can give your children an appropriate amount of money regularly and talk to them about what they can do with this money. During these conversations, you can introduce to them the concept of saving.
Saving money in a piggy bank helps children develop a financial discipline. Encourage your kids to save a regular amount of their allowance each week for their piggy bank. Allow your kids to buy a treat or other things with the rest of their allowance. Once their piggy bank is full, head to CIBC with them to deposit their savings. It’s never too early to save!