Gifts that teach financial savvy
12.12.09
While others are blowing their holiday budgets, you can set an example and send a message by giving a gift with a focus on personal finance.
The economic downturn highlights the importance of understanding money matters, and there are items available for every age group that can help teach important concepts.
The important thing is to make sure gifts are presented in an appropriate manner. Kim E. Jones, a financial planner in Broomfield, Colo., said you should make sure the message you're sending is caring -- not judgmental.
STARTING KIDS OFF RIGHT
Even before children can count, they're learning about money. Gifts that help them learn how to handle it can help get them started on a financially healthy path.
One of Jones' favorite items is the Money Savvy Pig, a piggy bank with a twist. The translucent pigs come in bright colors and have four slots, each leading to a different section of the pig labeled ``Save,'' ``Spend,'' ``Donate'' or ``Invest.'' The four sections allow kids to set priorities and think about the different ways they can use their money.
Source: MiamiHerald.com