For many families, talking about money is taboo. The adults make it, the kids ask for it, end of story. I have 2 boys ages 6 and 9 and it seems that they are always wanting…something. Wheter it’s that new hot toy they just saw on the TV commercial or the one their best friend has and they just gotta have it too. But regardless of the situation, they want it and don’t always realize how they get it… just that mommy will make it happen.
My husband and I recently revisited the idea of giving them both allowances. We figured it was about time to teach them the importance of money, how to save, and be responsible. Then I thought, how do I do that in a way a six and nine year old would understand? For me, I wanted it to be fun but yet a learning experience.
With the help of Money Savvy Generation I think we are well on our way. I recently had the opportunity to try out the Money Savvy Pig which I think is the piggy bank of the 21st century . It’s fun, easy, and a good way to teach kids about things like spending, investing, and even donating!
I received a little bit of information I’d like to share:
Created by Susan Beacham, founder and CEO of Money Savvy Generation (msgen.com), the Money Savvy Pig comes in a variety of colors and retails for $16.99 * (there’s a cow and a football for those who have an aversion to pigs). The bank has been featured on The Oprah Show, The Today Show and The Dr. Phil Show.
The Money Savvy Pig includes a guidebook to help you talk to your kids about their money choices (its blue transparent plastic is divided into four labeled compartments: save, spend, donate and invest). Each compartment has its own slot on top and plug at the bottom and it comes with a curriculum aimed at teaching kids the basics of money management.
The Money Savvy Pig isn’t your ordinary piggy bank. It has four slots with four separate chambers unlike the single slotted banks you may be accustomed to. There’s one for SAVE, SPEND, DONATE, and INVEST. I received the Money Savvy Pig in blue and cannot get over just how cute it is. Most of the pigs are transparent which is good because your kids can actually see the money adding up day by day. My boys are getting a kick out of that feature. They actually pay attention to what slots they are dropping the coins into and already have plans for the SPENDING fund.
The Money Savvy Pig:
- Helps develop decision-making skills… what slot should I put the money in?
- Shows the importance of setting both short and long term goals
- Gets parents involved.
- Shows that saving money can be just as satisfying as spending it.
- Won a Parents’ Choice Gold Award when it was first released in 2002.
I am really pleased with this product. It’s a great way to teach your child about money management at a young age. It is also a great gift! At $16.99 this is a great deal! If you are looking for a gift that is fun and educational, I give this one the thumbs up. Oh! and don’t forget The Money Savvy Pig comes in six different colors. There’s a cow and a football too, so you’re sure to find something your kid will like!
For the Teen in your household, there’s the Cash Cache, a beginning personal finance organizer designed to teach teens the skills that they will need to get and stay on target towards a bright financial future. It is packed with basic personal finance information and tips written for beginners. Great for high school students! I presented thCash Cache to my teenage step-daughter and she was really receptive. She liked the idea of having the handbook since the concepts were pretty easy and not complicated at all. She also liked the fact that it includes a journal where she can jot down her short and long term goals and a money diary so she can she where her money is going. The Cache als includes compartments for SAVE, SPEND, INVEST and DONATE just like the Money Savvy Pig but they are pouches that are contained within the orgainizer. A little more grown up for a teen. But the best part of all is that it contains a lock, so they can have a little privacy. What teen doesn’t like privacy?
Here are some other Features:
|•||A 36-page handbook covering the basics of personal finance, including:|
|•||4 Sturdy pouches to organize cash for saving, spending, donating and investing|
|•||Handy pockets to keep a calculator, coupons, bank statements and other financial documents|
|•||Templates for goal-setting, establishing priorities, budgeting, and tracking progress towards goals|
|•||Binder is made of ballistic nylon and sports a privacy padlock|
|•||Fits easily on a bookshelf, under a bed or anywhere you want to stash your cash and financial documents|
One lucky Cocktails With Mom reader will win a Money Savvy Pig!
How to enter:
1. For your first entry, click here to check out Money Savvy Generation’s other products. Then come back here and leave a comment product that you found interesting or something you learned form the site.
This step is required to qualify for the drawing. Be sure to leave your email address in at least one of your comments so that I may notify you in the event that you are the lucky winner!
- Sign up for the Money Savvy Generation Newsletter
- Subscribe to my Blog Cocktails With Mom
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- Write a post on your blog linking to this giveaway and Money Savvy Generation. Then come back here and leave me the link!
- Leave a comment on any Non Giveaway Post
- Enter any of my other Giveaways!
Please leave a separate comment for all that you do to ensure you get all possible entries! Remember to include your email address on your comment! Contest ends 1/23/2010 at 9pm CST.
Giveaway ends on January 23, 2010 at 9:00PM, CST. Winner will be chosen via Random.org. Winner has 48 hours to respond to my notification email, or a new winner will be chosen in their place.