Congratulations to our winner…Katie!
Here are your random numbers:
15
Timestamp: 2009-09-05 12:17:15 UTC
Growing up, my sister and I did not get an allowance. We were expected to complete chores as part of a contributing member of the household, and when we wanted something my parents were generous enough to give us cash.
Times are different and allowances are becoming the norm, but kids still need guidance. The Money Savvy Pig is an excellent way to teach kids how to manage their allowance and do more than just buy candy and comic books.
The Money Savvy Pig actually shows kids exactly how their birthday and baby sitting money is being divied up. The bank is divided into four chambers – save, spend, donate and invest – so that kids can begin making choices about how to allocate their money.
The Money Savvy Pig even comes with goal setting stickers so kids can tag their spend chamber with exactly what they are planning to buy and work to pay cash for their purchase. Excellent lesson for everyone!
The Money Savvy Pig is from Monday Savvy Generation where you can find all sorts of information on teaching kids and teens the value of a dollar. They have also been generous enough to offer one of my readers a Money Savvy Pig of their own! Here’s how to enter:
Leave a comment and let me know what you do to teach your kids the value of money? If you don’t have children, how did (or didn’t) your parents teach you the value of money?
As a bonus, there’s also a Twitter giveaway for a $25 Barns & Noble gift card and a complete Classroom Solution curriculum. Just follow @susanbeacham (the genius behind Money Savvy Generation) on Twitter and send a tweet using the hashtag #MoneySavvyPig.
You have until September 5th to enter. Good luck!
The fine print… Entries will be accepted until midnight, Friday, September 5th. One winner will be chosen at random and announced on Saturday, September 6th. Contest open to US residents. Winner will be contacted by email and/or Twitter and will have 48 hours to respond. Please use your real first name and a valid email address when entering. I am not responsible for incorrect contact information. Prize will be shipped directly from Money Savvy Generation. Good luck!
My kids are too young to learn about money right now, although we have had our daughter pay for a toy at a yard sale. Growing up, my parents never bought anything for us that wasnt absolutely necessary to our survival. Anything in excess of food and shelter, we had to pay for ourselves. I guess this comes from being part of a large family. I got a job in high school and started saving. When I met my wife, then girlfriend, that savings disappeared but at least I didnt land in too much debt
.-= Jesse´s last blog ..Equal or Lesser Value =-.
Our son is 10 – and we probably don’t teach him money handling skills as much as we should be doing. He does have chores to do around the house – if he does them, he gets an allowance – if not, no money. If he goes out of his way to do things he’s not asked to do – he gets a bump in funds. We do help him make choices in spending his own money though and teach him about quality v/s quantity…and how to use coupons of course!
.-= Toni´s last blog ..Don’t Hold The Mayo =-.
My father believed that you work for your money no matter what your age so I worked in the family business just like an adult from the time that I can remember. I was paid like any other employee….and then all the money I earned was to see me through the school year. (I did have a clothes budget; if I wanted anything beyond that then I would have had to pay for it.) Household chores didn’t count; that was just expected as part of the family. There was no such thing as an allowance. (No, we didn’t do this with our own kids…basically they saved for college and we paid the day to day expenses.
What an awesome piggy bank! I teach my daughter the value of money by having her save some of it and also make her occasionally purchase her own treats.
My son is 12 and he is required to save his money own money for vacation each year. The trip (hotel, travel, meals) are on me, but any seppnding or extras that he would like are his responsibility. We normally start planning vacation about a year ahead, so he knows where and when. Last year we went to Disney and he had $550 saved til we went. And to furtherteach him money handling, he was only allowed to take half and it was budgeted per day. We are heading back again next year and he hopes to have more spending money than I do (at the rate he saves, he very well may!!).
My little girl is pretty young, but she does get change put into a bank currently to save towards something she wants.
if they want to make a purchase it is with money they have saved by doing chores or from gifts. mverno@roadrunner.com
I encourage my children to save their allowances or money they receive on special occasions until they have enough for something special…and to buy gifts for others.
Thank you.
I do not have children but I am around them enough with my brothers and sisters children. While children have a different set of rules than we did growing up. My siblings have a grounding for their children just as my parents did for us. We do not get everything that we want. We must put forth a contribution to the family in some manner. We cleaned dishes and made sure that the common area of the house was clean. The sense of the dollar is stressed and understood that money is important but that the relationship you have with your family is the most important.
Growing up I had to put half of my allowance/gift/job earnings into a savings account for college. It went quick and I don’t really feel I learned much at all. I have four children and am doing absolutely nothing to teach them about money. It’d be great to change that!! Thanks!
we encourage our boys to reap the benifits of saving. we have bank accounts set up for each of them with both our names on them so we both have to sign to get any money out. we also have an agreement that they will not get these funds until they are 25—out of college if they go, old enough not to be totaly stupid with one lump sum and hopefully ready to use it for a down payment on a car or a house. for every dollar of their own money from bdays, xmas, working, or where ever we match it. my oldest, now 19, has about $300 saved. his younger brother ,14, already has over $7000. the only part that sucks about all this is when the youngest gets $ for his bday or something, he always puts every dime in and i have to scramble and scrimp to come up with the matching funds. weve been doing this for 8 yrs now and at this rate the youngest will have enough to buy a new car cash and put a nice down payment on a house when he turns 25.
This bank is a great idea. I teach the grandkids the value of money by not giving them everything they want. jelly15301@gmail.com
I have my kiddos do a class on saving. We follow the giving, saving, and investing guidelines and they are learning to budget. Its funny, its harder for my girls to keep money. My boys and tighter than Scrooge McDuck! We use the Junior Achievement program to help with learning those big words kids wouldn’t normally understand.
I speak honestly to my kids about money. we try to let them knnow, how to save, that it’s right to give to charity and that you don’t spend, what you don’t have. Each of our kids get a small allowance, that we also guide them with.
We have our kids save money to buy the things they want and we match everything they save. They really see how long it takes to earn what they want!
.-= Katie´s last blog ..Hmph, not doing so well from the knees down. =-.
We were taught to earn our money for the things we wanted. We raised our kids the same way and it worked out great. The little piggy is too cute.
I teach them about the reasons for saving, spending, donating, and investing in order to live a happy life. I also math the money they save each month. Thanks!
.-= Kaitlin Richenberg´s last blog ..Hello world! =-.
I taught my daughter the value of money by giving her an allowance that increased with her age. Thanks for the giveaway!
I’ll be honest, I was spoiled as a child and I don’t think I understood the value of money until I became a teenager. However, the first time my parents did tell me that I needed to get a job was a real reality check. I started paying my own bills, got a car, paid for that, etc. and I started valuing my own money much more than I had when I was younger. I work hard for every thing I have now and I know that I need to appreciate every bit of it. I plan on making sure that I show my children how to be responsible and value money from a young age so that they don’t have that culture shock that I had when I got into high school and had to learn the hard way.
we tie it into numbers and look at grocery flyers. At four she says “Is that a good price?”
We discuss things like clothes, vacations, etc. so she has a clear idea of relative costs and how we make our financial choices.
We give our kids an allowance that is valued at $.50 per year a week and they have to figure out how to allocate their money. Both my daughters seem to save save save theirs but my son uses his as soon as he gets it. I am hoping when he is a little bit older he will learn to save too.
My parents taught me the value of money by making a budget for all of my needs. They also taught me how to save, especially for emergencies.
janetfaye (at) gmail (dot) com
My daughter would get a kick out of this!! Thanks for the chance.
mogrill@comcast.net
My son is just now getting old enough to really know about money. I do want to teach him about the importance of saving some, and giving some to church.
When I was a kid, my parents didn’t make any particular effort to teach me about money. When I had some, I was allowed to spend it on pretty much whatever I wanted.
iluvchrisnlevi@aol.com
.-= lisa´s last blog ..Our back-to-school-robot-party =-.
we didn’t have much $ growing up, sure enough for new clothes for school and always had food etc, but anything i wanted i had to buy myself, had a paper route
My dad and mom were firm believers in paying your bills.Also my dad never had a credit card. He used cash for his purchases
my son is only 2 but i try to teach him good money habits. its sad when he knows how to swipe a credit card. when he gets money from grrandparents or for his birthday he knows that half of it goes in his piggy bank so he can spend it at the ball park for a snowcone or candy. and the other half goes in the bank for when he gets old and off to college
.
i don’t have kids but when i was young my dad used to have a little envelope on his wall for each of us. he would put our weekly allowance in it and we knew that was all we got for the week. so it taught us that we had to plan for the future (at least for a week, which is forever in kid time) so we knew that we couldn’t buy something on monday if we wanted to go to the movies with friends on friday.
When my kids were younger I let them know how much money was coming in & where it all went, especially the money that was invested and how it grew. Now that I have a granddaughter this piggy bank would help her get an early start on money management.
I think that my husband and I have been doing well about teaching our children (age 5 and 3) about money, because both have told us that they are saving their coins because they want to be rich. My 5 year old said that he’s saving his money so that he can buy me some jewelry. It’s so cute.
im trying to teahc mine but there still young im trying to get them to learn to save towards something they want thanks for the chance to win eaglesforjack@gmail.com
My Dad taught us to save and pay cash for what we wanted even if we had to wait awhile.
i tweeted thanks for the chance to win eaglesforjack@gmail.com http://twitter.com/eaglesforjack/status/3758213515
We never had a lot of money when I was growing up, so we saw the day to day struggles of balancing a budget, and saving for vacations. Shopping sales and using coupons was something that was always done.
Thanks for the giveaway!
we try to instill in our kids the importance of giving to God first (tithing), giving to self second (bills and investing), giving to other’s third (donating).
when the kids get money or their allowance-they have to save most of it and the rest they can spend
I teach my kids by example. They know that we watch for sales every week and that if they want something specific, we wait for it to go on sale.
When my son gets money for helping me and/or our neighbors, he has to split it four ways–save, spend, household expenses(such as phone, food, etc.) and donations/investing. If he has items that people are collecting for charity, like clothing, toys, etc., he can use the money for investments. This bank would be perfect for him. Thank you for the contest!
I learned tithe first. Then save. Oh! and look for bargins.
.-= JDaniel4smom´s last blog ..Friday Favorite- Mega Bloks =-.
I have my daughter save. And when she sees things she likes I explain what she has and what she can get if she was to buy it.
I grew up with many brothers, step brothers, step sisters, and cousins. So if anyone wanted some extra money, they had to work for it. We would offer to do things like clean the roof after a nasty storm, destroy an ant pile, mow the yard, and clean the house. I was the creative child so I would make childish artwork and comics to sell at the street corner or host a “carnival” where the neighborhood kids had to pay quarters to do the opstical courses I set up, LOL! Ohhh, childhood.