Disclosure: I got this product as part of an advertorial.I am a big fan of teaching kids about money while they are still young. Once they are older, it can be much more difficult to instill the value of saving in them. My son, Alex, is 8 years old right now and the perfect age for teaching him how to save his money.
The Money Savvy Soccer Ball is perfect for this and the fact that my husband and son are soccer fans doesn't hurt either! Upon taking the ball out of the box, you see that it has four money slots. One is labeled "Save," another is labeled "Invest," another "Donate," and the last "Spend."
Using this soccer bank, it is easy to help children set financial goals and it lets them actually watch their money grow. I would suggest sitting down and talking with your child about how they will divide their money when they receive it. Will they put half into savings and spend half? Or will they invest a quarter, save a quarter, donate and spend a quarter? It is easier to put into practice if there is a plan beforehand!
One thing that helps with the saving are the goal stickers that come with the ball. Kids can either choose one of the pre-printed goals, or they can choose their own! It helps them keep their goal in mind when they are having a tough time saving money (it's hard for adults, just imagine how hard that delayed-gratification would be for kids!)
If your child isn't into soccer, Money Savvy also carries football banks, piggy banks and even a cow bank!
If you are as excited about teaching your child about money as I am, then today is your lucky day! Money Savvy is giving one lucky reader their very own Soccer bank! Simply use the Rafflecopter form below to enter.
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*I received one or more of the products mentioned above for free using Tomoson.com. Regardless, I only recommend products or services I use personally and believe will be good for my readers.