Financial Tips For Children | Craft Competition Entry


We were recently contacted by thinkmoney to see if we would take part in their competition. Since it was a craft competition, something the girls love doing, I said yes. We were given £30 to spend at Hobbycraft to buy some bits and pieces. I decided to buy some paint, paint brushes, glitter, glue, glue sticks, paint pots, googly eyes and glitter pens which are some of the girls' favourite things in arts and crafts.

Sometimes I sit down once the girls are in bed or in school and I do worry about the girls' future. Prices will be going up on most things in future and let's face it, kids don't know a thing about money do they. I struggle with money and I would really like it if my girls are more stable financially than I am.

MY TOP 3 FINANCIAL TIPS FOR CHILDREN

1. Money doesn't grow on trees - If you're a parent then you will know that all children think money grows on trees. We obviously know that this is not true. Children will learn nothing about money if we don't talk to them about it. We should learn children that you have to work to earn money, show them that working hard is worth it. You can explain to them about how you earn your money and how they can earn money as they grow older. Get them involved and get them to know some facts whilst they are young.

2. Budgeting - This is something I have already started with my own children. We need to learn them that money can't buy everything. Most of the time we need to budget our money. Maybe one week we won't be able to afford some things, so we budget and maybe get it the following week. We need to learn our children that even if we have a big lump sum of money in our bank from our paid jobs, or somewhere else, we need to learn them that we can not spend it all at once. Let's face it, we have bills to pay, we have to pay to keep a roof over our heads.

3. Save - I think it is always a good idea to save money or even open a savings bank account and put money aside weekly/fortnightly or even monthly. You could teach your children to do this by having a piggy box. If your child wants something, learn them that they will have to save up for that item. With this you could also learn them about how much things cost.



Back onto the craft competition! The girls were so excited when we received the piggy bank and other products. They couldn't wait to get started. We had a lot of fun painting, gluing and sticking. Since we only had one piggy bank I decided to let Mia do one side and Elliw do the other side, luckily they didn't mind.

I realised whilst the girls were painting, they were learning about the colours mixing together and Elliw was learning to say the colours clearer, since she has a delay in her speech it was a big thing for me and her. It started to get really messy! Elliw decided to put her hands into the paint and rubbing it on the spare pieces of papers but luckily we cleaned her hands up just in time. Since we had quite a lot of paint left after painting the pig, we decided to let the girls paint some pictures on spare pieces of papers.



A few days after the pig dried we decided to glitter and button it up! Mia and Elliw love glitter, it got a little messy but who cares, they had fun. We had some green and red glitter. Elliw decided to have the green and Mia had red. Again, they did their sides and then mixed it up a little in the back. We added some googly eyes in front and some buttons on the pig's back and there you have it! Mia and Elliw's piggy bank.





 
Mia and Elliw's very colourful and glittery piggy bank!
 
 
* We were given a £30 voucher to spend at Hobbycraft online/instore to buy products to decorate our piggy bank. This post is being entered in a competition. The winner will win £200.

22 comments

  1. What a lovely craft, and very sensible tips too. Love their sparkly piggy bank :) #magicmoments

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  2. What a great idea to make a piggy bank. I was brought up to save my pennies and always had a piggy box (although it was a clay clown). Definitely saving up money is something my son will be doing when he wants his umpteenth pair of Nike's when he is older! :-) #magicmoments

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  3. Your girls are so talented! Del iawn! Can't wait until mine are old enough for crafts. Eldest is into drawings but not old enough to do much but scribbles yet!! I will be teaching mine about money - we're both accountants so kinda my job to do that!

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  4. What a great little craft activity. Have they been putting their pennies in it? :) #PointShoot
    Our Seaside Baby

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  5. Great Tips! Quite right that kids should learn the value of money even at an early age... love those piggy banks, so colorful and glittery too! #MyFavouritePost

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  6. That piggy bank is so cute! Great result from the girls! Also great financial tips too. I always talk to my Ethan about money. He also has a piggy bank and whenever I said I have no money he always boost to me that he has some in his piggy bank. lol! Well, it kind of worked... #PointShoot

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  7. Great finance tips hun! I think it is so important for them to learn about money and saving, so they don't just expect things. The piggy bank is beautiful. I bet you found glitter everywhere!!! Thanks for sharing with #bestandworst and please pop back x

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  8. Great finance tips hun! I think it is so important for them to learn about money and saving, so they don't just expect things. The piggy bank is beautiful. I bet you found glitter everywhere!!! Thanks for sharing with #bestandworst and please pop back x

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  9. I love your girls' creation Beth - they obviously had loads of fun doing it! Now I know who (at least one of) the competition is! If you look at my Share with me post this week you'll see that we took a bit of a different approach with me and my six year old collaborating together. The two end results couldn't be more different but I like both (yours and ours). X #sharewithme

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  10. Some really useful tips here - we haven't really broached money with BB yet. The only thing we've done so far is when she gets given birthday/Christmas money she can spend half and the other half goes into her ISA. Hopefully she'll thank me one day! #MyFavouritePost

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  11. Those crafty bits look great. My kids love glitter glue, it lasts all of about two seconds in this household! I try to teach my children about the value of money, but sometimes I think it's in one ear and out the other! #MMWBH 💕 Noah & the Girls

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  12. These are some great looking piggy banks!! #bestandworst xx

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  13. I adore those little piggy banks! It reminds me of the one I had as a child. Thank you for hosting this fab linky ..this was my first time here.

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  14. Cute piggy bank and looks like a lot of fun decorating. Good tips, thank you for sharing #LetKidsBeKids

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  15. Useful tips! I don’t come from a family of savers but did myself become a savvy saver when I got my first job. My boy is too young for this but both hubby and I are keen to teach him how to manage his finances. Cheers for sharing your tips and all the best to your LOs on the competition. Hope they win
    #bestandworst

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  16. Aww their pic is awesome! Great tips and such cute pictures. Thanks for linking up to #PointShoot x

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  17. its so lovely to see children learning by having fun! :-)
    Thanks for linking up with #MagicMoments

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  18. What a fun craft to get kids excited about money and saving! Love it, and what gorgeous photos too. Thanks so much for linking up! #MMWBH x

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  19. What a fun cute little project. Looks like the girls had a blast. Love the first photo so cute. Thank you so much for linking up to Share With Me #sharewithme

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  20. aww this is just so cute. I love how they worked together #ToddlersAndTeens

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  21. aww what cute piggy banks. I also love putting glitter on everything! Great tips too Thanks for linking to #PickNMix

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  22. What a lovely and very cute piggy bank. I love all the glitter. And they are great tips on teaching your children about managing money. I believe that they need to be taught from an early age. We try to teach Little Miss H that she can't have everything that she wants. Because mummy and daddy aren't made of money. A very important lesson and a hard one for a child to learn. Hugs Mrs H xxxx #SundaysStars

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