I don’t know about you, but when I signed on for the whole love, marriage and kid thing, I had no idea how utterly expensive it was going to be. If you’re a parent like me who desperately wants to give her child everything her little heart desires, you’ve probably spent a small fortune .
Right now our seven year old is just beginning to grasp the concept of earning money. He talks about getting a job as a businessman who earns money although he doesn’t quite have a specific business he wants to helm (When pressed a bit further he says he wants tio be in a money business). While our 11 year old wants her own phone and when we told her $100.00 a month was too much she said she wanted to do chores to earn the money. While I think she’s generally a frugal person who saves what money she is given and understands the value of money, I felt a great sense of gratification when I began read up on PNC’s ‘S’ is for Savings account an interactive and real life plan which essentially helps young children learn financial basics through an online experience with tips from Sesame Streetâ„¢.
The bottom line: All children can learn lessons about saving sharing and spending which the site stresses. All children want things and they need to know the value of a dollar, how to earn money and the need to save money to get the things they want
With this account, you can help your child learn about and begin to use money, as you save, share and spend together.
Imagine– making the concept of learning the value of a dollar, the importance of saving, spending wisely and sharing– as in charitable giving- fun? Well the PNC’s ‘S’ is for Savings account team pulls it off with great success.
They offer cool, fun lessons like these: Talk to your child about helping the family by doing little things around the house, like setting the table or picking up toys. And they offer a fun game where kids can clean up their virtual room…to get started, earning their keep!
The PNC’s ‘S’ is for Savings account expertly utilizes the Sesame Street characters via games and simple examples to build the concepts of saving, spending and sharing. It’s a wonderful way to provide a framework for helping kids understanding how to save for the things they want. It teaches them that you have to delay gratification and save your money now to buy something bigger later. One of the concepts stressed was instead of buying candy now, save your money and buy a toy which will ultimately have greater value and a longer shelf life.
This picture above features one of my favorite games on the site, where kids can add their coins to a jar. Add as many coins as you like to each jar. Then click “Play” button below a jar to start a game. And the game of course instills the value of money, spending, saving and sharing!
And parents if you decide to open an S’ is for SavingsSM you and your kidlet will be treated to these features!
- Interactive online banking experience that presents basic money concepts and contains a learning center inspired by Sesame Street
- No service charge for account holders under 18
- Interest on balances starting at $1.00
- Convenient branch locations and free use of PNC Bank ATMs