My Piggy Bank Tale

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Being predominantly a toy and game review site, Money management is not usually I would blog about.  However when Britmums launched their Piggy Bank Tales Competition which is sponsored by Virgin Money, I decided I would write a post as perhaps my money-saving tip could help some of you out too.

Ever since we came back from our holiday in Florida just over 2 years ago now, the kids haven’t stopped asking about when we were going back. Obviously it’s not as simple as that, because Florida and all the theme parks is a very expensive holiday, and not one we could afford every year, not even every few years. Well not that is without some serious saving.

Seeing as our next holiday was going to take a gargantuan cost cutting and savings effort, we decided that we would need to get the whole family involved kids and all.

To give the kids a visual representation of how much we have to save, and how close to our total we are. Me and the boys sat down one Sunday afternoon and made our very own Blue Peter style totaliser.

Down the one side is a block for each £100 we need to save until we reach our target. Along the other edge the boys cut out pictures of their favourite rides and attractions that they were hoping to see again once we get back to Orlando.

Every month we all as a family count out the money that we’ve managed to save from going under our monthly budget, and the boys then take turns to colour in one of the £100 blocks if we’ve been good enough savers.

There is a long way to go, and it’s not always easy reminding them that were trying to save money when they ask for another new toy or magazine. However having them fully involved, and giving them something they can aim for at the end really helps.

It’s not only Holidays that you can use the totaliser idea for, I’ve also made one just for Thomas where he has been saving up himself for the latest Pokemon game since Christmas. It’s out this Friday, and he’s managed to save up all by himself from his weekly pocket-money.

He was beaming with pride this weekend, when he filled in the last space on his chart, and so was I.

Hope you enjoyed our Piggy Bank Tale, and maybe had a few ideas for your own totaliser!

 

 

 


3 thoughts on “My Piggy Bank Tale

  • March 19, 2012 at 2:59 pm
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    That is such a great idea and a great way to make saving fun. My kids aren’t old enough for that kind of thing yet, but I want to do one for myself :) !

  • March 26, 2012 at 4:33 am
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    I make my own ice and yogurt frozen lollypops for the children it’s so much cheaper healthier and you get lots more for your money I also encourage days out to the museums and local parks they free and the kids have brill fun x

  • April 26, 2012 at 2:59 am
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    This is a great idea – my son is always asking for expensive toys (Star Wars Lego £100+ a set) I went to our local pound shop and found a money box that has a counter on it and tells you how much is in it. Well, the money box has been amazing and Nathan loves putting all his money in it to see the total rise, but hates taking it out and seeing the total drop. It really has kick started the savings bug for him :) x

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