Making Money a Family Affair

by Stacy Francis, CFP®, CDFA

Make saving a habit not only for you, but for every member of the family including children. A rule that a percentage of all income must be saved, whether it’s from a part-time job, a weekly allowance or any other source, will teach your children the value of “paying yourself first” which they will keep for a lifetime.

Savvy Ladies’ Tip: Check out these fantastic money-saving products:

MSPig_sideangle72dpiThe Money Savvy Pig
Cost: $18.99 plus shipping and handling
Description: Four-chambered, see-through plastic piggy bank allows children to apportion their money for spending, saving, donating and investing. Includes a booklet to help parents teach money basics and a sheet of goal-setting stickers. My favorite is the purple piggy bank. To order: Visit

bankbookcd-2>Money Mama & The Three Little Pigs
Cost: $40.00 plus shipping and handling
Description: A ceramic, four-chambered bank with a big mama pig compartment for spending and three smaller piglet compartments for saving, donating and investing. This is a nicely-illustrated hardcover book aimed at teaching money concepts to kids plus a read-along CD.
To order: Visit

Cost: $7.95 plus shipping and handling
Description: Three diamond-shaped metal tins for spending, saving and giving. The tins have removable plastic tops, and a wide rubber band holds the three together in a six-sided shape. Includes a small booklet on how to use the Moonjar and a passbook for recording transactions. To order: Visit

Stacy Francis is president and CEO of Francis Financial, Inc., a fee-only wealth management practice dedicated to investment advisory services for women, couples and those experiencing divorce. She is also the founder of Savvy Ladies®, a nonprofit organization that educates and empowers women to take control of their finances.

Comments (1)

  1. Pingback: College: An Affordable Luxury? | Savvy Ladies

Leave a Comment

Please wait...

Subscribe to our Monthly Newsletter

Get Savvy about your money! Enter your email address and name below to be the first to know.
Site designed, developed and maintained by ifusion studio.