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It’s important to teach kids about taking responsibility. The sooner they start, the more they’ll have!

To kick off 2015, we’ve teamed up with Modoras Financial Performance Solutions to give you the chance to WIN 1 of 15 Money Savvy Pigs!

This unique 4-chambered bank is the piggy bank for the 21st century™. It helps teach children (from age 4) basic money management skills by introducing them to four money choices: SAVE, SPEND, DONATE and INVEST.

As money doesn’t come with instructions, as parents we need to teach our children how to make good financial choices. Even a young child can understand basic financial concepts if you put the right tools in his or her hand.

Keep an eye on our money and business blog page in the coming weeks for tips and tricks on how to teach your kids about being money savvy, courtesy of our friends from Modoras.

For 30 years, Modoras have helped families and businesses achieve their financial goals. Whether you’re starting to build your financial momentum – or looking to sustain and amplify the momentum you have – Modoras can help. Their proven capabilities in wealth management, accounting, strategy and business advisory will help you get you there.

Please note this competition is open from 15th December 2014 until 29th January 2015 and is only available to members of Mouths Of Mums. We are unable to accept entries posted via Facebook. Facebook LIKE functionality is not a requirement of entry to this competition. The winners of this competition will be published on this page. Winners’ name and address will be provided to the promoter of this competition and prizes will be sent to the address you have in Your Profile. Please ensure your details are up to date so that you receive your prize.

Winners for this competition

  1. J. LoukarasQLD
  2. B. McneilQLD
  3. J. WilliamsVIC
  4. S. FirthNT
  5. S. ChapmanNSW
  6. R. BridgerVIC
  7. T. TurnerQLD
  8. S. SheridanQLD
  9. L. WesterlingQLD
  10. J. WoodsSA
  11. T. Di PietroVIC
  12. K. ConwayQLD
  13. C. BrownQLD
  14. N. MurnaneQLD
  15. L. RamadanoskiWA
  • I always give them a little pocket money, so they use this to save for books and music. If they don’t have enough to make a purchase, bad luck.

  • Rule 1. Pocket money must be earned.
    Rule 2. Buy children’s essentials but limit the treats you buy. Children who buy their own treats appreciate them more and choose more wisely.
    Rule 3. Adult children must be financially self sufficient, otherwise you won’t retire.
    Rule 4. Set a good example!

  • I actually sit down with them when we plan our budget and they get involved – they love it!

  • My kiddos know that you need to work to be paid and if you would like to buy nice things you need to save your pennies. :)

  • Take them shopping with me.. Show them the different prices Go to different Stores so they can see if u look u can get the same thing cheaper.. then they will have money lefted to save.. Show them that if you put some money away each week you can get the things you want

  • This would be for my grandkids who are always asking for something as theydo!! So I would like to show them if they save what they acan choose to do with their money.

  • Get them to help out for money and help them plan a budget

  • get them to work for the money by doing small chores around the house and by letting them know that the more they save the better things they can afford to buy.

  • My 4 yr old gets $2 a week & she has to save half, no specific chores but helps around the house. She gets to choose how she spends the rest. This in turn helps her learn money doesn’t grow on trees & she can’t have everything she sees.

  • Keep small coins in a seperate container andcountonce a month, you will have a surprise when you count it

  • I am a terrible with money, I hope my son does not follow in my footsteps!

  • After complaining to my 30 yo that I couldn’t afford it, she said “mum just go to the bank and get more’. I replied “the bank can’t afford me either”!

  • I am a terrible with money, I hope my son does not follow in my footsteps!

  • I give my kids pretend money to spend at the home ‘movie shop’ every Friday on family movie night. The money relates to Stars earnt during the week & can be spent all at once, spent & saved, or just saved for something more substantial.

  • i gave my son $6 in one dollars coins and they have to but 3 away and the can spend the other $3 and if they have any left over they have to put it in there piggy bank

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