I’m a big fan of the Money Savvy Pig, a four-chamber plastic piggy bank that helps kids set aside money for saving, future spending, sharing and investing.
The pig’s creator, Susan Beacham of Money Savvy Generation, also has a good product for older kids–the Cash Cache Organizer. The binder comes with a 36-page handbook to familiarize teens with basic concepts of budgeting, saving and investing, plus pouches to organize cash and a padlock to keep it all private.
Susan and the Cash Cache Organizer were recently featured on Dr. Phil. To watch her segment, CLICK HERE.
For more on kids and money, check out these columns:
- Why your kids expect to be rich
- Teach your kids how to handle credit cards
- Stop your kids’ whining!
- Gifts that help kids fill their piggy banks
- Why allowances don’t work
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