Start Saving & Teaching Your Kids To Save Early In Life!

by Jenn Brockman

This post was sponsored by State Farm. For more information on the best financial services for your family, please visit or call a State Farm agent.

Teaching my kids how to manage money has always been important to me.  When they leave my house and head off to college, they are going to need to know how to manage and save money. Which is why we have started teaching them about saving money as early as possible.

The girls have always been amazed by my piggy bank, so my husband, and I decided to catch them while they were interested and make them a huge piggy bank like moms.  The girls new piggy bank has motivated them to start saving their money by asking my husband and I for different chores so they can earn a little extra money.  Once the money meets their little hands, they get all excited and run to put the money in their new piggy bank.

vayday bts

They came to me the other day and started telling me about their plan to make extra money so they could save it.  I guess they had told their dad 1st, and he gave them a “victory pop” lol. Yes, that’s them clicking their pops together because they’re planning to save money. As my kids get older, we will continue the conversation about saving money, and I’ll start explaining the importance of saving for college too.

Corbin & Mattie driving blue ford truck

I still can’t believe how big they are getting. I don’t like it at all, but I can’t ignore the fact that one day they’ll be trading in this blue electric car for a real one.  It seems like the older my kids get the faster time is passing us by which is why I’m so thankful I was given the opportunity to work with State Farm.  Saving for college needs to start sooner than later and before teaming with State Farm, I had given my kids’ college savings some thought, but never followed through.  I honestly didn’t know where to start.  I’m familiar with all the services many banks offer and they are not the products I want. So when I got the chance to meet with State Farm agent Katrina Weiss, I jumped at the opportunity. I probably would have put this off for who knows how much longer and I am so glad I didn’t.  Considering I’m in a situation where it could seriously benefit my family, I jumped at the chance.

Mattie & Daddy with her Piggy Bank (1)

Not only do I need to look at options for my kids’ college savings but being self-employed I need to know the best way to make my money work for me so I can eventually retire.  I’m normally very comfortable taking care of my finances but I’m in a new playing field, and I’m clueless.  Obviously, I want to do what’s best, but I don’t even know what else is available aside from traditional banking products.

Vayda and Mattie with Piggy Bank (1)

It’s been a long time since I have met with anyone to discuss my finances, so I was a little nervous.  I honestly didn’t know what to expect but the moment I walked in everyone was super friendly, and the agent I’m working with is AWESOME!  I felt entirely comfortable with her, so I was able to open up a bit more about my family’s lifestyle, income, etc. so we could explore products for my family.

The process was rather painless.  All she did was ask me a few questions, we chatted a bit so she could get to know a bit more and then we talked about a few options she recommended based on our income, goals, needs, and future planning.  I honestly feel like 100 pounds was lifted from my chest.

mattie lou

I wish I would have sat down with a State Farm agent a long time ago. If you’ve been thinking about talking to someone or know you should, don’t wait like I did.  You’re not pressured to purchase anything; you can meet with a State Farm agent and go home to talk it over with your spouse and just think on it.   They ask you a few questions about your lifestyle, finances, etc. so they can find the best products and services for you and your family.

 

This post was sponsored by State Farm. For more information on the best financial services for your family, please visit or call a State Farm Agent.

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5 comments

gale mccarron March 20, 2016 - 11:07 am

Remember when we were young, school would collect money from us every week to put into a savings acct that we had registered with through school. It was a great tool to teach us at such a young age the benefits of saving. too bad they did away with it.

Reply
Lauryn R March 19, 2016 - 11:52 pm

What great kids you have! 🙂 I will definitely be teaching my kids about savings as well as credit when they get older. This is definitely something I wish someone would have taught me!

Reply
Patricia roper March 19, 2016 - 6:51 pm

Awesome

Reply
Linda Manns Linneman March 19, 2016 - 10:17 am

This sounds like a great plan. We need to do this for my grandchildren. Thank you so much for sharing

Reply

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