Piggy banks and savings bonds: Gifts that teach how to save

piggy bank

Gifts that teach the art of saving will be popular this holiday season, according to the Center for the New American Dream, an organization that works to "conserve natural resources, counter the commercialization of our culture, and promote positive changes in the way goods are produced and consumed." Of the 500 Americans polled about their holiday gift-giving, 62 percent said they would give family members gifts that encourage saving, like a piggy bank or a savings bond. Seventy-six percent thought that kids today are too materialistic, especially so during the holidays. The majority of the people polled said that they believe the holidays should be more about family and caring for others rather than giving and receiving gifts.

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Start by teaching him that it is safe to do so.