Review & Giveaway: Money Savvy Pig Savings Bank — My Blog Anniversary
I want to teach my children about money, but as in all matters of parenting I’m wishy washy from time to time. Sometimes I get it right… I wrote about teaching teens about money management here. But, what about kids? How we teach our kids the value of a buck?
I was forced to deal with teaching my teen about spending once she discovered the mall… Any mom of a preteen or a teen will either LOVE or HATE the mall. No gray area or wishy washiness when it comes to the mall!
My kids will say the following over and over and over again: “Mom, Dad, I need more money!” “Can I get a raise on my allowance?” “But, [fill in blank of the friend who gets everything] gets [fill in the name of an expensive item or an amount of money] ALL THE TIME!”
Money is a site that helps kids learn financial responsibility by giving them the tools they need to understand money management better. Started by a mom, Susan Beacham is well recognized for her efforts to teach good habits in kids before the bad ones develop. Moms and Dads might want to Susan’s blog for tips and information on helping kids get smart about money. Savvy Generation
Money Savvy Generation sent me a Pig Bank to review and one to give away. The PIg Bank was a hit with my younger kids. Both want to use it! Not only is the Pig Bank a great gift for the child in your life, but you are teaching life skills too! It has moveable chambers for categories of “Save,” “Spend,” “Donate,” and “Invest.” I have never seen a children’s bank or toy with a spot for investing money — good idea!
GIVEAWAY for Musings from Me readers! I have a Pig Bank to giveaway to one lucky reader! One comment = one entry.
- What is your best advice for teaching kids about money.
- Tweet about the giveaway as part of the contest as well. Follow @SusanBeacham on twitter and send a tweet with the hashtag #MoneySavvyPig. Leave url for tweet as an entry. Readers of this blog will be entered into a drawing for: (a) $25 gift certificate to Barnes and Noble and a custom Recommended Reading List for the children in the winner’s life and (b) an entire Classroom Solution for a child in your life.
- Follow this blog via Reader.
- Follow this blog via e-mail.
- Follow me on twitter.
- Tweet the giveaway: @MusingsfromMe is giving away a piggy bank to teach children about money: http://tinyurl.com/yfgc6tt Enter now!
I was sent a Pig Bank for review. Giveaway is open to U.S. residents only. Giveaway ends November 24, 2009 at 11:59 p.m.
Type A Mom Editor
I let them pay at stores starting at a young age to teach them value and politeness
my grandkids could sure use this they think money is made in my purse
I teach my kids about saving money by helping them set a goal for what they want to do with the money.We work together saving money by clipping coupons and buying sale items.The saved money goes into a rainy day fund.If nothing happens before vacation time we take a trip to the beach.
I have been letting my daughter save up and pay for stuff for several years. Thanks for the chance.
mogrill@comcast.net
Get them working on a budget at a young age and they will learn the value of money
The best advice is to teach them the value of money by making them earn points to buy a favorite toy.
Email subscriber.
Keep an envelope that says savings on it and stash away with a list of items you would like to save for on the front.
I taught my daughter to save for the things she wants.
I think it’s important to take children shopping with you. I think it’s great to discuss the price of each item you purchase, and then let them see the grand total at the end when they hand the cashier the money. I think for children who get allowances, it’s a great learning tool to take them to the store to spend their money. $5 may seem like a large amount until they get to the store and can understand the pricing of products, and saving their money..
Tweet from @clctaube
http://twitter.com/clctaube/status/5927968792
Subscribed via reader.
Subscribed via email.
Twitter follower.
My best advice about money is to budget and to live within your means.
My kids get an allowance & have to pay for their own toys/trinkets. It makes them realize how long it takes to save for things!
Let them earn money to buy treats. I don’t think they should get an allowance, but earn for doing tasks, just like in the real world.
I teach my kids to save their money for what they want. Their very good at saving up for what it is they want to buy. Thanks.
Teach them the value of money by giving them an allowance that they need to split 3 ways – savings, donations, and spending.
I teach my kids to save by giving them their allowance in quarters. For every 4 quarters they get, 1 has to go into the piggy bank to save for a special toy. Many weeks, they just put in their whole allowance. They really feel a sense of accomplishment when they save enough to get the toy they wanted.
[...] This post was mentioned on Twitter by Great Giveaways, Lori Taube. Lori Taube said: #MoneySavvyPig – @MusingsfromMe is giving away a piggy bank to teach children about money: http://tinyurl.com/yfgc6tt Enter now! [...]
tweeted
http://twitter.com/Greatgiveaways/status/5965397535
I follow you on twitter as greatgiveaways.
We let the kids have a bank account and then we put some of their allowance in it.
I opened up a savings account for my kids and told them that half of their money is to be put in their for the future.
My advise to kids is let them save for the things they WANT. They’ll see how expensive things are and how slow money comes in.
We started bank accounts for the kids. It’s a great way for them to keep track of their money.
I think it is important to teach my child the value of objects and money. I heard once the only way to learn about money is to not have any.
I think that it is important to teach my child to learn how to earn money.
I have my children pick out items that they are interested in with the money they save and then we shop after holiday sales so they can see the benefit of saving and that by waiting not buying on impulse they can often get a lot more for their money.
lisalmg25 at gmail dot com
I’m an email subscriber. Thanks!
lisalmg25 at gmail dot com
I’m also subscribed to your feed in google reader.
lisalmg25 at gmail dot com
I’m also following you on Twitter user lisalmg.
lisalmg25 at gmail dot com
I Tweeted this giveaway. http://twitter.com/lisalmg/status/5994889449
lisalmg25 at gmail dot com
I’m following SusanBeacham on Twitter user lisalmg and Tweeted this giveaway at hashtag #MoneySavvyPig. http://twitter.com/lisalmg/status/5995010721
lisalmg25 at gmail dot com
We started a savings account for them and take them to the bank to show them how to deposit. They get to keep some allowance and have to save some too.
they get an allowance by doing chores and can use the money to buy themselves toys
My kids have been taught that money is much more fun to spend after you have saved up more than you need. We have them pick out a gift that they want and when they earn double what it costs, then they get to buy it themselves. It is always nice to see how they always change their minds after they see how many other things they can get with more money saved up.
titletowntreasures(AT)yahoo(DOT)com
I follow SusanBeacham on twitter & tweeted this…
http://twitter.com/packerfantimmy/status/6035423589
titletowntreasures(AT)yahoo(DOT)com
I already subscribe via email-titletowntreasures(AT)yahoo(DOT)com
I think the children need to learn that not everyone has as much as they do. It is important for them to save and give some to the church or other charitable organization. Thank you
My kids are learning about money from several difference sources, their grandparents have pigs for them. My husband and I give them an allowance and also are teaching them investing. We keep the entire household budget up on a white board where the kids can see it at any time as well. They have their own spots on the white board where they can write their own goals too.
Always save some in case you need it.
Start a savings account with them early!