If there was a bank owned and operated by doting moms, it would lend cash with zero interest terms and creative investment strategies: ‘We’re feeling bullish on dinners out this week.’
However, financial experts say we do our kids a great disservice by not teaching them about saving versus spending as early in life as possible.
So now, from inventive piggy banks to new allowance strategies and engaging online options, there are a variety of ways to teach our kids how to respect money and spend—or save—wisely.
This little piggy went to market…but did he (or she) budget wisely for the weeks worth of groceries? Even a swine can teach us all a thing or two about smart financial planning. Created by a Canadian mom entrepreneur, Four Piggies is an award-winning product that teaches kids about money and financial values.
Each set comes with four multi-coloured piggy banks that encourage kids to put a portion of money aside in each one labelled—Saving, Spending, Sharing and Schooling. An accompanying book tells the story of one little boy and how he learns basic financial concepts as he contributes to each of the four categories. Four Piggies offers a great opportunity for kids to learn practically about resisting instant gratification, giving back to others and saving for the future, in a way that even a 3 or 4 year old can begin to understand.
Similar Related Posts:
- March 29, 2017
Tax Benefits and Credits Parents Need to Know About
We asked the Canada Revenue Agency (CRA) to share the most essential info for parents and break down the credits and benefits that Canadian families need to know about.
- December 15, 2016
Keurig® K200 Plus Series Giveaway Rules and Regulations
The following contest is intended for play in Canada only (excluding Quebec) and shall only be construed and evaluated according to Canadian law.