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: | ||||||||||||||||
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| • | 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 |
Win It!
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!
Extra entries:
- Sign up for the Money Savvy Generation Newsletter
- Subscribe to my Blog Cocktails With Mom
- Follow me on Google Friend Connect (on the right sidebar)
- Subscribe to my blog Cocktails With Mom
- Follow Cocktails With Mom on Twitter
- 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.
Disclosure:I received the Money Savvy Pig and Cash Cache to test out and try. There was no other compensation received. The stated opinions are my own and I was not influenced in any way.
Related posts:
- Make-Ahead Meals for Busy Moms: Review and Giveaway(ended)
- Pillsbury’s Honey Butter Biscuits Prize Pack Review and Giveaway!ENDED
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The product i liked was money savvy kids@home
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I love pigs! in any shape and form, and wish I saved my money better :)
I learned on the site that kids in grades k-5 are at the most impactful time to be taught about money.
This is brilliant & teaches our personal philosophy – save some, spend some & give some away! The coloring book is a good tool for younger children!
I like the Garage Sale Riches book and the rest of the books in the series.
What an awesome idea for a piggy bank: I like that it is clear so that kids can see how much is adding up, and that there are a few catagories for them to be aware of, not just “spend” or “save”.
Thanks for the review!
I really like My Mathematical Life Computer Game I think my 11 year old could learn a lot from that. My 6 year old is just learning how to count money so this would be great to help him with that lezanac@yahoo.com
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I love the Money Savvy Cow.
My kids would love this!!!!
I like the Money Savvy Cow! :)
Money Farm Activity Book and DVD Series
mathmatical life computer game.thanks
I like the Cash Cache! Thanks for the chance!
I follow your blog on GFC as mom2anutball.
I follow you on twitter (mom2anutball).
Money Farm Activity Book and DVD Series looks like it would be fun to share with the kids.
i love the Money Savvy Pig, Pink!!!
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love the old fashioned piggy bank
I like the Cash Cache Personal Finance Organizer! Thanks! senekers@comcast.net
I like the Money Saving Football.
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I love the Money Savvy Kids Basic Personal Finance Curriculum :)
The football bank would look cool in my son’s room.
I like the Money Savvy U Intermediate Personal Finance Curriculum. Thank you
I am following your blog. Thank you
I learned this: Young children have no preconceived notions about what they can or cannot learn. They are open and willing to accept basic personal finance education and incorporate it into their daily lives. This is the missing link that Money Savvy Generation has worked to address with its unique set of products and services.
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My boys would love the money savvy football. Thanks for the great contest!
Children and teenagers should begin learning basic financial skills as early as possible. Indeed, improving basic financial education in elementary and secondary schools can help prevent students from making poor decisions later, when they are young adults, that can take years to overcome.
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Another item I like for my son is the Money Savvy Kids Coloring & Activity Book, which looked very neat.
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I like the Money Farm Activity Book and DVD Series
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