November was a special month for DC Canada and a passionate local financial planner, and author, Pamela George. The 5th was the official release of Three Little Piggy Banks, a personal finance storybook for ages 4 to 8. Both the author and illustrator Meredith Luce received congratulatory plaques from Mayor Jim Watson whom called the book a “must read” and “fun teaching tool for young readers.”
Twins, Ella and Andy each receive three piggy banks for their birthday when they already have their hearts set on a camera and a bike. Why three piggy banks? Their clever parents have a much bigger gift in mind: a lesson in financial wisdom and a plan to set the twins up for a life of financial security.
It’s really that easy. Three dollars a week and a handy pull-out tracking sheet that comes with the book will give young readers a solid foundation of financial literacy that can improve their lives immeasurably.
We had the chance to talk to kids about piggy banks at Chapters-Rideau on November 12th. It was no surprise that when we brought up the subject of saving, many kids told us about their dreams for the future and their heart’s desires. They know the exact amount they have saved in a piggy bank or their bank account, and often they know exactly how they plan to spend it. One boy claimed his $350 of savings would be spent on exactly 350 ice cream cones. Others had more practical goals in mind.
With a bit of guidance, youngsters will take on the responsibility of managing an allowance of any size with a lot of enthusiasm. Three Little Piggy Banks is a great tool for starting this conversation and illustrating the necessity of living within one’s means. Pamela George believes it is never too soon to start learning about money and how to manage it, so pick up a piggy bank, or two, or three! Start a conversation about personal finance with your kids today.