Review & Giveaway: Money Savvy Pig Savings Bank — My Blog Anniversary

I want to teach my children about money, but as in all matters of parenting I’m wishy washy from time to time. Sometimes I get it right… I wrote about teaching teens about money management here. But, what about kids? How we teach our kids the value of a buck?

I was forced to deal with teaching my teen about spending once she discovered the mall… Any mom of a preteen or a teen will either LOVE or HATE the mall. No gray area or wishy washiness when it comes to the mall!

My kids will say the following over and over and over again: “Mom, Dad, I need more money!” “Can I get a raise on my allowance?” “But, [fill in blank of the friend who gets everything] gets [fill in the name of an expensive item or an amount of money] ALL THE TIME!”

money-savvy-pig-bankMoney is a site that helps kids learn financial responsibility by giving them the tools they need to understand money management better. Started by a mom, Susan Beacham is well recognized for her efforts to teach good habits in kids before the bad ones develop. Moms and Dads might want to Susan’s blog for tips and information on helping kids get smart about money Savvy Generation

Money Savvy Generation sent me a Pig Bank to review and one to give away. The PIg Bank was a hit with my younger kids. Both want to use it! Not only is the Pig Bank a great gift for the child in your life, but you are teaching life skills too! It has moveable chambers for categories of “Save,” “Spend,” “Donate,” and “Invest.” I have never seen a children’s bank or toy with a spot for investing money — good idea!

GIVEAWAY for Musings from Me readers! I have a Pig Bank to giveaway to one lucky reader! One comment = one entry.

– What is your best advice for teaching kids about money.

– Tweet about the giveaway as part of the contest as well. Follow @SusanBeacham on twitter and send a tweet with the hashtag #MoneySavvyPig. Leave url for tweet as an entry. Readers of this blog will be entered into a drawing for: (a) $25 gift certificate to Barnes and Noble and a custom Recommended Reading List for the children in the winner’s life and (b) an entire Classroom Solution for a child in your life.

– Follow this blog via Reader.

– Follow this blog via e-mail.

– Follow me on twitter.

– Tweet the giveaway: @MusingsfromMe is giving away a piggy bank to teach children about money: Enter now!

I was sent a Pig Bank for review. Giveaway is open to U.S. residents only. Giveaway ends November 24, 2009 at 11:59 p.m.

43 comments for “Review & Giveaway: Money Savvy Pig Savings Bank — My Blog Anniversary

  1. Michelle Draveski
    November 18, 2009 at 10:23 pm

    I let them pay at stores starting at a young age to teach them value and politeness

  2. marge mckoen
    November 19, 2009 at 8:51 am

    my grandkids could sure use this they think money is made in my purse

  3. kathy dunaway
    November 19, 2009 at 9:48 am

    I teach my kids about saving money by helping them set a goal for what they want to do with the money.We work together saving money by clipping coupons and buying sale items.The saved money goes into a rainy day fund.If nothing happens before vacation time we take a trip to the beach.

  4. Monique Rizzo
    November 19, 2009 at 2:05 pm

    I have been letting my daughter save up and pay for stuff for several years. Thanks for the chance.

  5. D Mihaliak
    November 19, 2009 at 10:19 pm

    Get them working on a budget at a young age and they will learn the value of money

  6. Mami2jcn
    November 21, 2009 at 3:26 pm

    The best advice is to teach them the value of money by making them earn points to buy a favorite toy.

  7. Mami2jcn
    November 21, 2009 at 3:27 pm

    Email subscriber.

  8. Abby
    November 21, 2009 at 3:58 pm

    Keep an envelope that says savings on it and stash away with a list of items you would like to save for on the front.

  9. Gayle Morgan
    November 21, 2009 at 4:11 pm

    I taught my daughter to save for the things she wants.

  10. Lori Taube
    November 21, 2009 at 4:57 pm

    I think it’s important to take children shopping with you. I think it’s great to discuss the price of each item you purchase, and then let them see the grand total at the end when they hand the cashier the money. I think for children who get allowances, it’s a great learning tool to take them to the store to spend their money. $5 may seem like a large amount until they get to the store and can understand the pricing of products, and saving their money..

  11. Lori Taube
    November 21, 2009 at 4:58 pm
  12. Lori Taube
    November 21, 2009 at 4:59 pm

    Subscribed via reader.

  13. Lori Taube
    November 21, 2009 at 5:00 pm

    Subscribed via email.

  14. Lori Taube
    November 21, 2009 at 5:00 pm

    Twitter follower.

  15. Mellissa C
    November 22, 2009 at 12:58 am

    My best advice about money is to budget and to live within your means.

  16. Emily Mazzella
    November 22, 2009 at 1:17 pm

    My kids get an allowance & have to pay for their own toys/trinkets. It makes them realize how long it takes to save for things!

  17. Chris N
    November 22, 2009 at 8:00 pm

    Let them earn money to buy treats. I don’t think they should get an allowance, but earn for doing tasks, just like in the real world.

  18. Mandy H
    November 22, 2009 at 9:12 pm

    I teach my kids to save their money for what they want. Their very good at saving up for what it is they want to buy. Thanks.

  19. Karen Gonyea
    November 22, 2009 at 10:21 pm

    Teach them the value of money by giving them an allowance that they need to split 3 ways – savings, donations, and spending.

  20. November 22, 2009 at 11:13 pm

    I teach my kids to save by giving them their allowance in quarters. For every 4 quarters they get, 1 has to go into the piggy bank to save for a special toy. Many weeks, they just put in their whole allowance. They really feel a sense of accomplishment when they save enough to get the toy they wanted.

  21. November 22, 2009 at 11:15 pm
  22. November 22, 2009 at 11:16 pm

    I follow you on twitter as greatgiveaways.

  23. Pingback: Tweets that mention Review & Giveaway: Money Savvy Pig Savings Bank — My Blog Anniversary | Musings from Me on Kids, Preteens, and Teens --
  24. Kelly Ann T.
    November 23, 2009 at 12:31 am

    We let the kids have a bank account and then we put some of their allowance in it.

  25. Erma
    November 23, 2009 at 10:12 am

    I opened up a savings account for my kids and told them that half of their money is to be put in their for the future.

  26. Denyse
    November 23, 2009 at 10:55 am

    My advise to kids is let them save for the things they WANT. They’ll see how expensive things are and how slow money comes in.

  27. damon
    November 23, 2009 at 11:42 am

    We started bank accounts for the kids. It’s a great way for them to keep track of their money.

  28. Jessica McKelvie
    November 23, 2009 at 6:34 pm

    I think it is important to teach my child the value of objects and money. I heard once the only way to learn about money is to not have any.

    I think that it is important to teach my child to learn how to earn money.

  29. November 23, 2009 at 9:40 pm

    I have my children pick out items that they are interested in with the money they save and then we shop after holiday sales so they can see the benefit of saving and that by waiting not buying on impulse they can often get a lot more for their money.
    lisalmg25 at gmail dot com

  30. November 23, 2009 at 9:41 pm

    I’m an email subscriber. Thanks!
    lisalmg25 at gmail dot com

  31. November 23, 2009 at 9:43 pm

    I’m also subscribed to your feed in google reader.
    lisalmg25 at gmail dot com

  32. November 23, 2009 at 9:44 pm

    I’m also following you on Twitter user lisalmg.
    lisalmg25 at gmail dot com

  33. November 23, 2009 at 9:45 pm

    I Tweeted this giveaway.
    lisalmg25 at gmail dot com

  34. November 23, 2009 at 9:51 pm

    I’m following SusanBeacham on Twitter user lisalmg and Tweeted this giveaway at hashtag #MoneySavvyPig.
    lisalmg25 at gmail dot com

  35. Gloria
    November 24, 2009 at 4:01 pm

    We started a savings account for them and take them to the bank to show them how to deposit. They get to keep some allowance and have to save some too.

  36. November 24, 2009 at 5:56 pm

    they get an allowance by doing chores and can use the money to buy themselves toys

  37. Tim Hughes
    November 24, 2009 at 8:57 pm

    My kids have been taught that money is much more fun to spend after you have saved up more than you need. We have them pick out a gift that they want and when they earn double what it costs, then they get to buy it themselves. It is always nice to see how they always change their minds after they see how many other things they can get with more money saved up.

  38. Tim Hughes
    November 24, 2009 at 9:04 pm

    I follow SusanBeacham on twitter & tweeted this…

  39. Tim Hughes
    November 24, 2009 at 9:08 pm

    I already subscribe via email-titletowntreasures(AT)yahoo(DOT)com

  40. CAndie L
    November 24, 2009 at 10:21 pm

    I think the children need to learn that not everyone has as much as they do. It is important for them to save and give some to the church or other charitable organization. Thank you

  41. Saebbe Reidhead
    November 25, 2009 at 12:10 am

    My kids are learning about money from several difference sources, their grandparents have pigs for them. My husband and I give them an allowance and also are teaching them investing. We keep the entire household budget up on a white board where the kids can see it at any time as well. They have their own spots on the white board where they can write their own goals too.

  42. Gianna
    November 25, 2009 at 12:53 am

    Always save some in case you need it.

  43. Ed Nemmers
    November 29, 2009 at 5:41 pm

    Start a savings account with them early!

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