Sunday, February 16, 2014

Money Savvy Bank (review & giveaway)

Disclosure: A sample product was received to help facilitate the review. All opinions stated are genuine and my own.

My son is getting older, and teaching him good strategies
for handling his finances (now & in the future) is important.

Piggy banks are nice, cute even, and they serve a purpose, but they are not inspiring! With Money Savvy Generation such notions are a 'changin' (pun intended). ;)

Divided into four sections: Save, Spend, Donate, and Invest, this Money Savvy Pig bank sets the bar for providing opportunities to teach children the importance of proper finance management. It's never too early to start good habits with money, and what better than introducing from the get-go, the four fundamentals associated with the handling of one's own money? I want my son to know he has responsibility over his financial habits, and this bank helps teach those lessons in a way that is exciting to him.

Customize the Money Savvy Pig Bank with included stickers
With the spending and saving sections, children will have the satisfaction of knowing they have money to spend, but also be able to physically see (because the bank is see-through) the benefits of keeping some money untouched.

With the donating section, they will come to know at an early age the satisfaction that goes with helping others.

Using the investing section, you can teach your child a bit about stock and mutual fund purchases. Some companies offer stock that starts at under $10 a share, and that's a great way to introduce the market to your child. It may seem complicated to them at first, but before you know it, watching their investments and considering others will become second nature to them.

Each section of the bank has its own open/close valve.
Teaching your children about saving, spending, donating, and investing from a very early age can only serve to benefit them in the future. If you would like assistance, Money Savvy Generation has a fun iPhone app called Savings Spree that can help teach and make the learning fun.

Source
The bank we reviewed is 8.5" long, 6" in diameter, holds $300 in coins, and is made of very lightweight, see-through polystyrene plastic.

2 Lucky Winners get any Money Savvy Generation Bank of Choice!

2 Lucky Winners get any bank of choice!

You can learn more about the Money Savvy Pig by visiting the Money Savvy Generation website.

You can also follow them on Facebook, Twitter, and or the Money Savvy blog.

Two lucky winners get a Money Savvy bank of choice.  Continental US entrants only.
a Rafflecopter giveaway


108 comments:

Amanda Taylor said...

I am so excited you shared this! You have no idea! I'm really, really trying to turn my own finances around and my kids desperately need a new piggy bank. I've been kind of holding back because I wanted something like this. Thanks so much for sharing!

Pat Hatt said...

That is a neat way to get kids to learn and save many ways

Sara Wagner said...

I like how there are many banks to choose from. I also like how it's an easy way to show kids the value of money.

Michelle Feliciano said...

That is really cool. I would love that for my nephew.

Michelle F.

Elisebet F said...

I like the money savvy soccer ball! Looks good for sporty kids. I do think a piggy bank like the one you reviewed is a great idea.

KLPMiller said...

Wow! It holds $300 worth of coins? That is amazing. I love that it has the different sections for the different ways you should divvy the money. I agree with you that they aren't to young to learn how to spend, save, invest and donate. If you start early it will be a habit early!

Ai Sakura said...

I like the design of this piggy bank. So much more practical and educational compared to the old ceramic designs!

Ai @ Sakura Haruka

DWei said...

I haven't had a piggy bank in so long. It's kind of nostalgic looking at one.

Lisa @ Two Bears Farm said...

This is great. Always so important to teach kids how to handle money.

Lisa Codina said...

This is brilliant!!!! I would love to win this for my son. He just recently noticed the piggy bank in his room (he's almost 3) so he wouldn't know what to do with this just yet, lol! I think it's a great idea!

Kenneth Clutario Agudo said...

Wow, very innovative to have divisions :) That is really brilliant as what lisa said.

Sacha Schroeder said...

I like that it has the divisions and I also like their soccer ball product!

Kristi Maloney said...

Quite frankly, I could use something like this...lol! Seriously, a great idea for teaching kids about budgeting at an early age. :)

angel d said...

Meet the Money Savvy Pig Puppet.

Joyce Lansky said...

That's one sophisticated bank. I would love to win this for my grand nephew. From your photo, I couldn't tell that the bank was see through allowing the kid to see what's going where.

http://joycelansky.blogspot.com

Colette S said...

I like their educational videos.

Lanaya | Raising Reagan said...

I can not get over how cute your little man is! He's getting so big! What a great little saving tool.
Obviously as a financial professional I love anything that gets kids into the habit of saving at a young age! :)

xoxo
Lanaya

mail4rosey said...

Point noted, and I changed a picture so you can see how coins look in it. :)

mail4rosey said...

I see it too, Lanaya. He's not even a toddler anymore. :(

The bank is cool, and I bet Reagan would love it. :)

Dominique Cloutier said...

This is definitely something I would love when my kids are a little older! Such a great way to teach them how to save and spend wisely! =)

Kung Phoo said...

That is a really neat idea.. it definitely will teach the kids how to budget their money.

Heather Jones said...

This is awesome! I am trying to teach my four year old reasons why I can't buy him every toy he sees and something like this will help! I'm entering this giveaway! I love the stickers for donating and investing. I think this will teach some sound money management skills!

Heather Jones said...

I learned that over 1 million kids have developed money smarts with their products.

Christina G. said...

I like their soccer ball bank. Thanks for the giveaway!

Binky said...

I think the "spend" section should be renamed "chocolate." But other than that it sounds good.

Theresa Mahoney said...

I love how this bank is divided into sections like this! What a great way to teach kids the breakdown of where their money is going!

bbrittbrat1398 said...

I like that it teaches the kids about saving money.
Brittney House BBrittBrat1398@yahoo.com

Brian Miller said...

thats cool...we used to have piggy banks...i like that these show the different things to do with your money...teaching money sense to your kids is important.

Jenna Em said...

What a cute piggy bank! I like how it's divided into spend, donate, save, and invest categories. It's easy to tell kids to save, but they need to see it's also okay to spend in moderation.

Christine D said...

Oh wow! This looks like an AMAZING tool to teach financial responsibility!!!! They have a cute cow, soccer ball, and football also. I also saw that they have some products to elaborate on these basic concepts as teens. I'm putting this one on the 'grandparent birthday list' for the kids :)

Dorothy Teel said...

I like that these banks are meant to help a child learn the importance of thinking of others and the future and saving money, I especially like the soccer one, and I like that each chamber has its own exit site.

Petro Neagu said...

The piggy looks really cool. I believe my daughter would love one to play with and I would like her to have it so she can learn to be responsible when it comes to money. It's never too early for that :)

Cynthia Landrie said...

What a great way to help little ones save money. I think it is important that they learn when they are young.

Cara Kueck said...

This is so much fun! I used to love to save money in a piggy bank until I was ready to spend it on something special. It is always great to teach kids about money at an early age!

Kim Bartlett said...

I could use that piggy bank for myself! What a great way to teach your kids about money.

Mama to 5 said...

I so need to get one of these for my son, it would keep his allowance so organized!

Celebrity VIP Lounge said...

That looks so fun. My kids love their little piggy banks!

Masshole Mommy said...

I have been working on counting money & the values of the coins with my six year old. He would absolutely LOVE one of these.

Lawna Noe said...

What a great tool to help teach children how to save money. My five and three year old could definitely use this!

Tough Cookie Mommy said...

This is such a great idea for teaching kids how to be financially responsible and teaching them how to save money.

MikiHope said...

This is definitely not the usual piggy bank - it is a whole lot better! Not sure about the investing part but the other three sections make a whole lot of sense. I might just buy one of these for my newborn niece so it can start filling up right away!

Debi Gerhart said...

That is so cool. I know my girls would love it.

Becka M said...

Cute idea! My daughter's two favorite things are pigs and money so she would love a pig that saved her money in sections.

Diane Cooper said...

What an ingenious tool to teach children about managing money! I thought I was doing great when I bought my grandson a piggy bank and convinced him to save most of the money he receives for gifts or that he earned. This is so much better!

Tatiana Diaz said...

I absolutely need this for my son. Right now we are trying to teach him about money and well it is going very slow but he is 6 after all. lol. I got him a small piggy bank but this one looks like it is much better for teaching money management.

Amanda Her said...

I definitely believe in the importance of teaching kids about money. Unfortunately, I don't think schools do a good enough job in showing kids how to save and manage money.

Kay Adeola said...

This is a great idea its always good to start kids off young knowing how to control their money its always a good thing.this is also a cute looking piggy bank.

Coolmoms Cooltips said...

I can't make up my mind between the piggy and the soccer
I like that you know there is about 300 in coins in the bank! I hope it will not have only the spending slot full

Anonymous said...

This is fantastic! I love the organization it brings with it!

Angie Barrett said...

This is too cute!! I love that Money Savvy Pig, what a great idea to help kids save money too! !!

Aisha Kristine Chong said...

That is just so cool and cute - I have been looking for a Piggy Bank here in out place - can't find one, argh!

(Terry) My Journey With Candida said...

It is never to soon to start teaching young kids to save for a rainy day. My Grandson would like the Money Saving Football.

Teresa Moody said...

I would love to have my daughter try this out. I would get the pig. So cute!

Michelle H said...

This is great! We empty my son's piggy bank once a year and we do divide it, but I don't think he really ever knows where the part he doesn't spend ends up. This would really help him.

Fabulous Perks said...

What a great way to get kids to learn and save. I might have to get my little one this.

Growing Up Madison said...

What a great way for kids to learn the importance of saving. My own kids need to have one of these because they spend every chance they get. I don't think they know what saving is at all. :(

Pam said...

My kids had something like this when they were younger, but this pig is much cuter than how their's was set up!

Le-an Lai Lacaba said...

This looks awesome. A great way to start saving indeed.

Celebrity VIP Lounge said...

This looks like a fun way to save! I would be interested in one for myself!

mel said...

i love this its so innovated. teaching kids to manage money. wonderful

Sarah-Louise Bailey said...

What a neat idea - I love that it is split into different compartments what a great way to help kids learn about money! x

Unknown said...

From BabsProjects: I have always taught my older one about saving money and even though she is 12 she understand pretty well. I think I will have to get this piggy for my younger one. It is so cool.

Maria said...

this is so cute!! i love the idea of breaking it into four different categories...great way to teach children the value of money! your son is SO handsome!!
thanks for sharing, rosey! i hope you're having a great night! xooxx
maria

Liz @ A Nut in a Nutshell said...

Actually seeing the money in the bank in the sections would make a huge impact. This is a brilliant little bank!

Casa Vilora Interiors said...

Very cool. Its like a budget in a pig! haha. that ought to teach him some great money habits

Mel Cole said...

Wow! what a cool idea to instill money management for kids!

Amanda said...

Love this plan for kids! And adults for that matter!

becca said...

this is wonderful i've been trying to teach my teen about money and this would be perfect to help with that

Cheap Is The *New* Classy said...

This looks like a great tool to teach the kids more about saving money. Many adults can use this, too. :)

pmj said...

The educational videos are great.

Rachel said...

I like how it teaches kids to save their money at an early age

Jennifer Van Huss said...

I love this concept! It really teaches kids the importance of not spending their money in one spot!

Diane Estrella said...

I have seen this theory in another book called the FOur Cups. Great concept for kids to lean and apply to their adult lives.

Sara Giresi said...

I love Moolah The Money Savvy Cow for my son! He just turned 18 and got a job and doesn't know how to save!

Carla WorkingMommyJournal said...

What a great idea! Its perfect and so important for children to be able to visualize their budgeting. Great concept and learning tool for children

Klydra Pugh said...

I learned they also have award winning books.
Thanks for the chance.

Katherine Bartlett said...

That's such a great idea for kids! I love it!

Angel said...

I think that savings piggie is a great idea! It makes it so easy and visual for a child to designate specific amounts of money to specific categories. Really nice product! :) Thanks for sharing!

Janice Crespo said...

I liked the cow to save the moolah - LOL - that just really hit my funny bone - very creative product

Ashley Cossette said...

I learned that each chamber empties out of a different foot...I was wondering how that works! so cool!!!

Helga said...

I like all the piggy bank designs.

Jan Lee said...

I learned that they have different styles of banks :)

Trish said...

I like the Football bank

heather baker said...

Such a great idea to teach kids to save, Love it!

Tiffany Dustin said...

I love the great ways it teaches kids to save and donate to others in need! I also love the Football one!

Francine said...

I like all the different banks.

Denise Taylor-Dennis said...

I learned that Susan Beacham co-founded Money Savvy Generation with her husband, Michael.

KellyMistry said...

I like that it holds about $300 in change. Totally will teach my daughter the value of saving!

wen budro said...

I like the variety of banks that they sell....the sports ball banks would be a big hit in my house.

janetfaye said...

I like Moolah The Money Savvy Cow.

janetfaye (at) gmail (dot) com

2justByou said...

I love the concept of these banks, and I learned they also have award-winning books available.
Thanks for the chance!

Sara said...

This is such a fantastic idea. I learned in addition to banks they also offer books.

Megan Cromes said...

i like that it holds alot of change ty ;)

clynsg said...

I like the idea that there is a spot in the banks to save for the different things that are (or at least should be) important to a child, and that they can watch the savings grow.

Jara Christensen said...

I love the soccer ball bank! And the compartments!

Mihaela Day said...

I like the design of this piggy bank

Kassondra Coxson said...

The piggy bank comes in five colors.

Denise S. said...

I like how it has divided sections and this is a great way to teach kids about money.

Jennifer Van Huss said...

This is a great product! I need this for my kids who are having difficulty understanding the saving portion of money. This is a great visual reminder!

Couponing Away Debt said...

This is such a great way to get kids to better understand how to manage money.

Jamie F said...

I've seen these before and I thing they are great for kids...it really teaches them how to save!

tina reynolds said...

I really like the educational videos great for getting them a good foundation

Kristal Deane said...

This could even be great for myself to start saving for a rainy day. Thanks for the giveaway and review! :)

Erica C. said...

They have a soccer ball too.

Anonymous said...

I like the Cash Cache ® Beginning Personal Finance Organizer!

MizVickik said...

I love all the shapes they come in!
Miz Vickik

Donna said...

It holds $300 worth of coins.

~ Noelle said...

That is too cute.
I think that it would be a great gift too!!!!