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Five Tips For Introducing Tots to Saving
Your tot may not be the one paying taxes, but he might have spent time with you in a long post office line or your accountant's office today. In honor of this dreaded tax day, take the opportunity to teach your youngster some fun ways to save money before he has to hand it over to Uncle Sam. The earlier we provide our children with a financial education, the more ingrained it will be in them.
Teach Savings With an Elegant Baby Bank
There's no better time to teach your children that a penny saved is a penny earned than a recession. We might as well use the opportunity to foster a love of down-to-earth entertainment, innovative DIY projects and saving for an even rainier day. This Elegant Baby Piggy Bank ($32) offers a mod approach to coin savings that will look pretty on the dresser without costing you a fortune.
Ecomomics: Empty Those Piggy Banks
The coins tossed in your kiddo's ceramic bank certainly add up! My tots have been filling up their piggy banks with spare change for quite some time so it was no surprise when my five-year-old could no longer lift hers off the bookshelf.
On a recent rainy afternoon, we decided to break it open and count coins.
Crystal Piggy Banks: Kid Friendly or Are You Kidding?
It was always my understanding that piggy banks were a tool to help parents teach their tots a lesson about money. I'm not sure if giving them a $595 Tutu Piggy Bank would drive home the point that "a penny earned is a penny saved."
The Swarovski crystal encrusted pigs, perfected with black lashes, are awfully charming and would certainly be a talking point in any nursery.
Pimp Your Crib: My Little Nest Egg
You'll probably warn your wee one not to put all of his eggs in one basket at some point in time. But, there's no harm in stashing all of his pennies in an eggshell. A twist on the traditional piggy bank, your tot will delight in having his own My Little Nest Egg ($25) for future savings.
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Lil Tip: Teaching Baby About Money
My wee one isn't even two–years–old, but I'm already thinking about how I will teach her to be financially responsible.
To learn about a fun way to teach your tot a thing or two about money, read more
Kiddie Soiree: Birthdays Cost More Than a Couple Bucks
Suri Cruise had a second birthday fete that would break most people's piggy banks, but some parents shell out bucks because there is no other option.
For urban dwellers living in tight spaces, children's birthday parties are a necessary splurge. It's one thing if your lil darling made his or her debut during the warm weather months as you can throw their soiree at the local park or playground.
Trendtotting: Knock Off Baby Couture
For the money conscious munchkins who don't want to have to break their piggy banks to buy couture clothing, Deadly Girl Couture offers onesies in the same fashionably chic vein. They offer a selection of $32 snap-suits —"burpberry," "pradada," "louis spitton" and "gucci coo." Made of 100 percent cotton these onesies will keep your lil one in fashion and in good finances.
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