You know what I wish I had been taught at an earlier age? How to manage my money. Now, I have never been one who is too extravagant with the spending, but there is still so much that I don't know about managing money!
The Money Savvy Pig is a unique piggy bank that helps children learn how to manage their money.
|Money Savvy Pig|
The Money Savvy Pig gives the child control of their money by providing choices. The child chooses the goals they want to set for each slot, ex. saving for a new bike, donating to their school's library, or investing in their college education. The child then can choose where the money should go. These choices are choices that the child will need to make throughout his or her future, so it is good to establish good habits now.
We gave the Money Savvy Pig that we received for review to Liam. Liam is 6 years old.
We have been trying to help our children understand that money doesn't come easily, and it isn't something that you should waste. We hear a lot of "why"s when we tell our children that they can't have the newest toy, and often we have to explain to them that we just can't afford to purchase everything they want to have.
Liam chose to not have a specific goal for his save slot, he just wants to fill it up. In fact the only slot that has a specific goal is the donate slot. Liam wants to send money to the hungry and sick children in Africa (which we saw on a news program), so that they can eat.
Liam has become very aware of his money now, if he finds a penny, he wants to put it in his piggy bank right away. He loves to see the slots filling up, and we love that he is filling them up at about the same rate. Liam has chose, on his own, to divide his money up between the slots evenly. This was pretty surprising to me, I thought for sure he would be filling up the spend slot the most!
Overall, I am impressed with the Money Saving Pig, and how Liam has interacted with it. I love that the Money Savvy Pig has brought up the subject of money management with our children, it has been a great lead into our implementation of chores.
The Money Savvy Pig retails for $16.99 and comes in several colors. Included with the Money Savvy Pig is a sheet of goal stickers and a helpful guide on how to use the product. The money is removable, each slot opens up through one of the pig's four legs- no "breaking the bank" required!