Childrens 4-Compartment Bank Pattern

Use my childrens 4-compartment Bank instructions to create with your child their own personalized savings system for each of the four elements of money management that will make up their money life experience. I created this project so that it will be easy for anyone to make. -Margaret Lukasik

Teaching Your Child How To Make
and Use The 4-Part Bank

What you are going to make is a 4-part bank that gives your child four compartments to save, give, invest and spend, all a part of the 10/10/10/70 principle to help your child with money management for the rest of his or her life. It will also impact their ability for financial success and wealth as an adult. If you wish to purchase your bank see the 4 and 3 compartment banks below. They are sturdy and will last a long time.

It's important that you involve your child in the process of making the bank, as it will give a feeling of involvement from the very beginning and it will be a great bond between child and parent. This is an easy system to use for any age, especially for adults with bad money habits. The idea is to make your child's saving, tithing, and investing fun with the reward of 70% spending!

Always keep your child encouraged by making sure that all monies get divided as soon as possible and put into the bank. If you don't keep up with your child's desire to save money, they will probably lose interest as well. Very small children need your help.

Building Your Child's Financial
and Moral Wealth With 4 Easy Steps

Build Your Own Childrens 4-Compartment Bank System For Kid's Money Management using the 10/10/10/70 Principle

You and your child should work together to make the bank. I encourage you to let your child do most of the decorating in order for him or her to feel a part of the process before they even begin. It will build excitement and a good feeling of closeness with you that they will always associate with the bank-even as an adult.

You can use anything that isn't flimsy such as:

Round boxes such as Quaker Oats, bread crumbs

Regtangular boxes such as recipe, cash, shoe, wood or plastic

Rounded Jars

Decorating The Childrens 4-Compartment Bank

Suggested Items needed:

Markers
Elmer's Glue
lace
Stickers
White Contact Paper (for lining drawers)
Glitter
Acrylic Paint
Thin and medium Paint brushes
Ruler
Scissors

Must Have:

Cardboard box found in grocery stores, packing boxes, coke can boxes

Directions:

Covering the Box. This part of the childrens 4-part Compartment bank should be done by and adult for best results and for safety.

Measure the box you have chosen horizontally and vertically. Use the dimentions you get to cut the contact paper (you can also use wrapping paper) so that it will evenly cover the surface of the box. Use your hand to smooth paper where needed. Cut the horizontal or length (circumference if round) of the box slightly longer for overlapping.

Cover the lid the same way or leave as is. Cut and attach to the top of the lid first and then the side strip.

Inner Divider for the childrens 4-compartment bank

Measure the inner dimensions of the box to cut the cardboard.

Cut out two pieces of cardboard according to the dimensions, cutting down the height by 1/16" so they won't interfere with the lid closing.

Both pieces of carboard will have to be joined in a specific way to keep them from collapsing.

Draw a vertical line with a pencil or pen down the middle of each piece.

Measure to the middle of each peace horizontally and make a half inch line.

Cut vertically down to the center of each piece to the horizontal line made at center.

Fit the two pieces together so that the 4 compartments are created.

Slip the joined pieces into the bank when it has been fully decorated.

STEP NO. 4 ILLUSTRATION Cardboard Compartments

Turn one of the cardboard pieces so that one piece is facing you and the other is turned 180 degrees. Press center cut area at top end over the bottom center cut and press down into place.

Fit into your box when decoration has dried. Trim side edges if you have a problem with the fit.

STEP NO. 5 ILLUSTRATION Completed Cardboard Compartments

Cardboard pieces fit together easily to complete the compartments shown at left. This will later fit into a bank made from a Quaker Oates box. They would be shorter and wider for a rectangular box. The cardboard used here was from a coke box.

For a 3 or 4 compartment bank made easily from plastic stackable containers, go here.

Decorating the Childrens 4-Compartment Bank

Put the lid and cardboard aside and use the suggested items to decorate the bank. Make sure that you write each section evenly with paint or the markers on the outer part of the box in front of one of the sections so that your child will know which compartment to use. Your child's name will go on the box top if you have mulitple children using this system.

These sections are: Saving, Spending, Tithing and Investing (in the Gospel as offerings).

You will not have to make money slits in the bank because you will be taking the lid on and off to put money in the compartments and taking it out.

SAFETY FIRST ALWAYS!

Reminder

Sammy here. Make sure that you keep all shart objects and items that can hurt your child out of their reach when making the Childrens 4-compartment Bank or any project you do with them that uses dangerous objects. You will need to be with your child while he or she is making their bank for safety as well as creating "the bonding experience" that will last a lifetime and give them a postivie feeling about money.

Also, if you don't understand the process of tithing, you should read our short article about giving tithing and offerings and to learn about the difference between the two.abd to know the difference between the two and the importance of praying over each before they are given to God.

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What if you don't have time to make the children 4-compartment bank and you want to begin now? Because we highly back the 4-compartment banks below, we are now selling them from our site. If you have questions about ordering any of the six banks below contact me. I'll get back to you right away!

Our Recommended Childrens 4-Compartment Bank

Click on each link below to order your Money Savvy Bank from Amazon.com.

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