It’s not too early to teach kids money skills!

My son knows all about money… and he’s only 21 months! He pulled a five dollar bill out of my purse the other day and said, “Money!” At the checkout line in the grocery store, he tells me I need to “Pay!” And he gravitates towards the credit cards in my purse (well, technically store gift cards!). EEEEERRrrrrrchhhhh! Record scratch!

Teaching my children responsible personal finance is of huge importance to me. I firmly believe children need to know the value of money (versus the time spent to make it!). It’s critical to teach kids to be good money managers, long-range planners/savers, and delayed gratifiers! I learned these life lessons from my parents, and I’m passing them on!

When I was little, my mom had “envelopes.” Every time we earned money for chores, or were gifted money on our birthday and Christmas, we dutifully lined up to deposit our monies in the “Bank of Mom.” (Heh, heh, I am now that bank!). My mother had us set aside 10% for giving, 50% for saving, and the other 40% we could keep to spend. My parents were so smart, teaching me financial priorities at a young age.

Now, you don’t have to use envelopes because there’s fun product that teaches children these same financial lessons! Money Savvy Pig is a piggy bank that goes beyond one slot. After all, your money doesn’t all go to the same place!

The Money Savvy Pig bank has four slots that lead to four chambers. SAVE, SPEND, DONATE, INVEST. Four areas of money management even young children can learn!

Money Savvy Pig is interactive. You’re not managing your kid’s money for them, and you’re not just letting them spend at will. Money Savvy Pig creates a teachable moment every time children earn or receive cash. Kids make choices about how to divvy up their money. They’ll see the results of their choices as they fill the bank, and that will teach them the value of delayed gratification – an important life skill.

The Money Savvy Pig comes with goal-setting stickers, so kids can become financial planners – customizing their pig to reach savings goals like getting new sports gear or taking a trip! Parents have an open door to discuss finances with their kids, in a fun way! The skills children learn by using Money Savvy Pig could set a course for a positive financial future.

I became a careful money manager because my parents took the time to teach me the importance of being frugal and planning ahead. I think it’s a gift what my parents taught me, and I’ll be giving that same gift to my children as well!

If you really like the bling – they even have a platinum piggy bank!

Buy It: Give your child, niece, nephew, grandchild the gift of solid money management habits that will last them a lifetime. The Money Savvy Pig comes in blue, green, pink, purple, or red – Purchase on the Money Savvy Generation website. Also check out their resources for parents, educators, and financial professionals! There’s even great books and coloring books for children all about money management! It can be fun!

CONGRATS TO OUR WINNER: Jessica R.

Win It: Yes, one lucky winner will SAVE money by winning a free Money Savvy Pig piggy bank! Thanks, Money Savvy Generation! (ARV $17).

DISCLOSURE: I was sent a product for my review in writing this post. All opinions are my own and 100% honest!