As a parent raising kids is expensive and so I am always on the prowl for ways to explain to my kids in terms they can comprehend the basics of finance, so that they can better understand and appreciate the money I spend on them and even the money they get as an allowance. Which is precisely why I've loved introducing my kids to the PNC's ‘S” is for Savings program; a kid friendly program which uses the Sesame Street characters to teach kids the concepts of saving, sharing and spending .
My kids are 11 and 7 and just learning the concepts of saving and spending because they want things and some of them are expensive. My 11 year old daughter is generally a frugal person who saves what money she is given and seems to have a solid grasp on the value of money I think this site helped to reiterate certain core fundamentals as as soon as we got off–she informed me she was determined to
earn money she wanted to buy a certain app by doing chores around the house to pay for said app.
(Thank you PNC's ‘S” is for Savings program-score one for the PARENTS!) On the other hand my 7 year old son who claims he wants to make money in “a MONEY business” needs this PNC's ‘S” is for Savings program in more ways than one!
As a parent I have to admit 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 Street. 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 them 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.
The PNC site introduces the concepts of saving,sharing and spending. You and your child can learn these concepts which includes the sharing which will show your child how rewarding giving to charitable organizations can be. Well the PNC's S is for Savings account team pulls it off with great success.
With colorful fun activities like these called Let's Tidy Up (Kids learn how to earn money) which in turn teaches them to value it that much more! This room is messy. Can you help clean it? Click on the hand, then drag it around with your mouse to pick stuff up. For each thing you pick up, you'll get one coin. Earn as many as you can before time runs out!
Your child can learn the lessons of saving and earning money to spend on the things they want. 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 want. It teaches them that you have to delay gratification and save your money now to buy something bigger later. The example they used was saving money now by not buying a less expensive item like candy and saving to buy a more expensive toy later on.
For more information on opening an account, and to get your kidlets started on becoming financially responsible check it out right here! http://www.pncsites.com/
Disclosure: This is a sponsored post on behalf of the PNC Bank, but as is always the case , all opinions expressed on this blog are my own!