Learning about money is so important for kids of all ages. We’ve made save and spend banks, sorted coins, counted money, and of course spent it, but I’m wondering how and when I’ll teach B about other financial topics. Will we give him an allowance? Will we talk about our financial situation in front of him? Will we advise him about credit cards or savings accounts and investments? Eek!
This giveaway is now closed. Congrats to GretchenP!
T. Rowe Price and Disney understand the importance of parents talking to their kids about money. To help them do that, they’ve teamed up to create The Great Piggy Bank Adventure, which is both an online game and an attraction at Walt Disney World’s Epcot.
T. Rowe Price wants to know about how YOU teach/talk to your kids about personal finance! In exchange for your candid answers, they are giving one Activity Mom reader a Great Piggy Bank Adventure flip camera.
How to Enter: Leave a comment below answering one or more of the following questions.
- When do you talk to your kids about money?
- Do you talk to your kids about money at the ATM or the grocery store?
- How do you teach your kids about financial concepts in the news today such as inflation and setting financial goals like saving for college?
- When you give your kids an allowance, do you ask them to set a goal for their spending and/or talk about ways to spend wisely?
- Do you ever use items in the news, such as inflation, as a chance to teach your kids about the concept? If so, what have you found works well to help them understand inflation or other financial concepts?
Can’t wait to read your answers! Good Luck! This giveaway ends July 8th, 2011 at midnight. The winner will be randomly selected and contacted.
I was compensated for this giveaway from T. Rowe Price and they also provided the flip camera for the giveaway.
Ashlie
Friday 8th of July 2011
We have three children (ages 3,6,7). Each week they have chores that need to be done in order to collect their allowance. We give each of them ten quarters per week. They have a bank that they divide their money up in. 2 quarters (20%) goes into savings, 1 quarter (10%) goes into a charitable contribution slot, and the remaining 7 quarters (70%) goes into the fun money slot. This teaches them that money needs to be budgeted into different categories in order to plan for spending. My middle son (6) spent 3 LONG months earning $20 that went towards buying a bunny. Helping him set this goal for spending his fun money was so rewarding for him. He takes such good care of his bunny because he sure earned it!
Anonymous
Friday 8th of July 2011
We talk to our children about the value of money and how it is earned through hard work, but they are young. We don't make it stressful. We are discussing doing a type of compensation based chore list for above-and-beyond jobs. :)ilovethemso @ yahoo. com (spaces added to avoid spam)
crysmi
Thursday 7th of July 2011
so far we've only briefly mentioned that some things are too expensive to buy (when we're out shopping), but we definitely need to start showing our preschoolers how to save!!
clclemons at hotmail dot com
Lexi
Wednesday 6th of July 2011
My guys are little, but we're working on learning about saving, what things cost, and learning what the value of coins are. Right now, my 4 year old trying to save for a $20 toy....he's starting to realize how long that will take!
amlafuria AT yahoo . com
ThreePts
Wednesday 6th of July 2011
We are always talking to our kids about money and the wise ways to spend or save it. This could be at the grocery store or just on a walk.