{"id":2723,"date":"2019-05-10T15:22:02","date_gmt":"2019-05-10T19:22:02","guid":{"rendered":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/?p=2723"},"modified":"2019-05-10T15:45:49","modified_gmt":"2019-05-10T19:45:49","slug":"teaching-children-about-money-the-6-magical-piggy-banks-money-management-system-explained-kid-money-mastery","status":"publish","type":"post","link":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/2723\/teaching-children-about-money-the-6-magical-piggy-banks-money-management-system-explained-kid-money-mastery\/","title":{"rendered":"Teaching Children About Money &#8211; The 6 Magical Piggy Banks Money Management System Explained &#8211; Kid Money Mastery!"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"649\" height=\"367\" src=\"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-content\/6-piggy-banks-money-management.png\" alt=\"\" class=\"wp-image-2724\" srcset=\"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-content\/6-piggy-banks-money-management.png 649w, http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-content\/6-piggy-banks-money-management-300x170.png 300w\" sizes=\"auto, (max-width: 649px) 100vw, 649px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Watch The Video Below:<\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Raise Money Smart Kids (With 6 MAGICAL Piggy Banks) | Financial Literacy For Kids\" width=\"640\" height=\"480\" src=\"https:\/\/www.youtube.com\/embed\/I6e3cfHQ1B8?start=123&#038;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">When it comes to teaching children about money, one of the best ways to make sure you are raising a money smart kid is to teach your child how to save and be a master of their money using the 6 magical piggy banks money management system explained in this video I made for you.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Most parenting money experts will insist that we teach our kids to earn, spend and save. But they don&#8217;t explain how to do that exactly!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How do we teach our kids to save, what does that even mean for our kids?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">We need to teach them not only how to save so that their money will work hard for them, instead of them always having to work hard for their money, but we need to teach them how to save money in a way that is fun and motivating so they will continue to want to earn their own money and make their own dreams come true while helping our world at the same time!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It&#8217;s all about using the 6 magical piggy banks money management system to show your child how to be in control of their money.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">So what are the 6 Magical Piggy Banks?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>GROW<\/strong> &#8211; Making their money work hard for them! This piggy bank, or money jar, is for saving money to invest with. To invest in stocks, real estate \u2026 or their own business (ie. Lemonade Stand running costs!)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>GIVE<\/strong> &#8211; Our children need to learn Abundance, that we live in an abundant world. This piggy bank will help your child avoid a Scarcity Mentality and learn how we receive by giving. That by letting go of some of our money, on our own terms, we actually become a master of our money and allow abundance to show up in our world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>RAIN<\/strong> &#8211; Saving for a rainy day! We all get them! So we need to teach our children to not worry about the bad days that may or may not come, but to simply prepare for them in a very simple way and move their focus on to the other money jars while keeping their minds at peace knowing they will be taken care of if something ever goes wrong. (ie. car breaks down, teeth need fillings, etc.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>LEARN<\/strong> &#8211; Saving for continued education, post highschool. This can mean saving for college or university but it goes even further than that. We need to teach our children the importance of continual learning through out their lives, and by having a Learn piggy bank ready they can follow their dreams and ambitions without the stress of not knowing how to afford the costs of education.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>GOAL<\/strong> &#8211; This one is super exciting for your child. This will teach your child about delayed gratification. How to save up for a special goal (ie. a new bike, a new video game, a family trip to Disney!) and then feel that wonderful feeling of Pride of Ownership that comes with earning their own money and saving it for their special goal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>FUN<\/strong> &#8211; This will be your child&#8217;s FAVOURITE money jar &#8211; piggy bank !!! This allows our children to experience that wonderful feeling that comes with Instant Gratification but to feel it in a way that can be controlled. That can actually work in your child&#8217;s favour and keep them motivated and inspired to keep on finding fun ways to earn their own money so they can go out and buy more fun stuff while being smart and saving the rest in their other money jars or piggy banks!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Managing money can be fun! Money is fun! It allows us to have the life we all dream of. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">If you liked this video then please leave me a comment below, to let me know&#8230;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If you know a friend or group who would enjoy this video then please do share this blog post. Thank-you for helping me empower even more wonderful families like yours!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I have <strong><a rel=\"noreferrer noopener\" aria-label=\"7 free gifts for you (opens in a new tab)\" href=\"https:\/\/www.CleverDoughKids.com\/7freetools\" target=\"_blank\">7 free gifts for you<\/a><\/strong>, including a cartoon of The 6 Magical Piggy Banks for you, you can grab that and your other FREE TOOLS for teaching your child about money.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Enjoy! \ud83d\ude00<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Leave me a comment to let me know what you enjoyed most about this video and how you plan to use it with your child.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ud83d\udd25 <a rel=\"noreferrer noopener\" aria-label=\"7 free gifts for you (opens in a new tab)\" href=\"https:\/\/goo.gl\/VHLZe0\" target=\"_blank\">Subscribe<\/a> to my YouTube Channel so you&#8217;ll know as soon as I upload my next video.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ud83d\udd25 Share this post with a friend<br \/><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ud83d\udd25 Like our <strong><a href=\"https:\/\/www.facebook.com\/TeachingChildrenAboutMoneyFans\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"7 free gifts for you (opens in a new tab)\">Teaching Children About Money Fanpage<\/a><\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2705 Don&#8217;t Forget To <strong><a rel=\"noreferrer noopener\" aria-label=\"7 free gifts for you (opens in a new tab)\" href=\"https:\/\/www.cleverdoughkids.com\/7freegifts\" target=\"_blank\">Claim Your 7 FREE Tools For Teaching Children About Money!<\/a><\/strong> (A $273 Value! YOURS ABSOLUTELY FREE!)<br \/><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Gift 1:<\/strong> &#8220;<em>How Money Savvy Is My Child&#8221; <\/em>Quiz<br \/> <strong>Gift 2:<\/strong> <em>&#8220;Goal Setting For Families&#8221;\u200b <\/em>Workbook<br \/> <strong>Gift 3:<\/strong> <em>&#8220;Allowance Secrets: To Give Or Not To Give?&#8221;\u200b<\/em><br \/> <strong>Gift 4:<\/strong> <em>&#8220;50 Money Making Ideas For Kids &amp; Teens&#8221;\u200b<\/em><br \/> <strong>Gift 5:<\/strong> <em>&#8220;The 6 Magical Piggy Banks&#8221;\u200b<\/em> Cartoon<br \/><strong> Gift 6:<\/strong> <em>&#8220;6 Magical Piggy Banks Money Management System&#8221;<\/em><br \/> <strong>Gift 7:<\/strong> 2 <em>&#8220;Mindmovies\u200b For Kids &amp; Teens&#8221;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cheers &#8230; Amanda &#8230; Excited Life Enthusiast! ;o)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Watch The Video Below: When it comes to teaching children about money, one of the best ways to make sure you are raising a money smart kid is to teach your child how to save and be a master of &hellip; <a href=\"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/2723\/teaching-children-about-money-the-6-magical-piggy-banks-money-management-system-explained-kid-money-mastery\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2723","post","type-post","status-publish","format-standard","hentry","category-main-content"],"_links":{"self":[{"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/posts\/2723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=2723"}],"version-history":[{"count":5,"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/posts\/2723\/revisions"}],"predecessor-version":[{"id":2729,"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/posts\/2723\/revisions\/2729"}],"wp:attachment":[{"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=2723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=2723"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.teachingchildrenaboutmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=2723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}