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This year has been a fascinating year so far. I have learned a whole lot about personal finances and becoming a better spender. I finally paid off our credit card debt, and created a video course for kids about money. However, while I was fighting for financial freedom, my 9-year old daughter was working on something pretty cool too! This girl wanted to go to the camp I couldn’t afford, and she did whatever it takes over the last nine months to finance her way through this camp.
Making Your Child a Better Spender
Don’t take me wrong; she is 9 – it wasn’t a smooth road, and we got sidetracked plenty of time. I had to remind my girl what she was going towards, but she never said NO to doing the work. This girl cleaned, helped relatives, managed Craigslist listings, and helped me with social media. I am sure she has learned a lot and probably even surprised herself with how much she achieved.
Find Inspiration to Encourage your Child
Not that long ago I read another inspiring story. Jacob, a seven-year old boy, started a trash bin collection business. Each week, he brought in our neighbors’ trash cans after trash collection day. I know my kids at that age spent a lot of time watching cartoons, but can you imagine a business that so many people will be happy to outsource for a reasonable price.
However, Jacob’s story didn’t just inspire me. It also inspired his parents to help him manage his money as his business grew. Can a piggy bank teach your child money management? The kids’ bank created by Jacob’s parents had some serious goals in mind – it was designed to teach their boy to spend cautiously, save for the future, and give money to worthy causes.
Use a fun Piggy Box
The Piggy Box is a fun and easy way for kids to manage money while teaching them to sound budgeting principles and instilling ideas of “giving” at an early age. The Piggy Box is a new way to save money for today’s kids. It rethinks and reimagines how and what we teach our children about important life principles. The result is you have taught your child to not only save their money, but to become a better spender.
With so many styles you know there is one that would be a great fit for your son or daughter. One of the best things I like about this bank is the fact that it is big. I have no idea how many wallets are hiding in the corners of my house. Just yesterday, my son couldn’t figure out where to put his birthday money, yet he couldn’t find any of the wallets he owns.
Options help encourage savings
The Piggy Box is a bank that gives children a fun way to store money, and it looks way cooler than a piggy bank. With a separation options, there is a lot you can do with it. With six different looks, any child will find a bank that will speak to them and help them become a better saver and better spenders.
Perfect for children 4 and up it looks like a great gift idea for any kid and an incredibly fun way to start a financial education.
Here are five fun ways to help your child grown money smart:
- Keep a goal list in your piggy bank. It is important to know what your child is saving for and keeping this list close will help your son or daughter remind themselves why they should spend money on little things
- Create a short list of people or organizations in the area who you think might benefit from your help. Learn together what they need and figure out how you can help
- Decide what your child will spend his money for. Talk about your options and determine ahead of time how much money he will spend and he might buy. This is an excellent way to avoid impulse buying. A child might change his mind while at the store, but thinking about spending will start the road to avoiding things by the cash register on impulse.
- The Piggy Box smart phone app is a great companion for the Piggy Box. While the box does a great job keeping money safe, the app calculates a total for each drawer, helps to add or take out money with interactive drawers, allows to create notes for transactions, and is just a fun tool for kids to use.
Who in your life would benefit from having he Piggy Box?