Posts Tagged ‘children and money’

Spending Smart at 6 and 60 – Sammy’s Gold Karat Tip #1

Hello to All My Friends!

The next few months I am going to share some tips with you on how to “spend smart.” I like spending money almost as much as I like saving money to build my future. I like spending money almost as much as I like saving money so I am prepared for emergencies and to make dreams come true. How about you?

Sammy’s Gold Karat Spend Smart Tip #1: when you choose to spend, never, ever, spend more than you have. Do not do it when you are six or sixty!

One good way to not spend more than you have is to break down each dollar you earn or receive and separate it into categories.

Here is an example:

Sample Spending Plan

Saving                   10 cents

Giving                   10 cents

Investing                10 cents

Smart Spending   70 cents

Total                     $1.00

Notice, my plan is to never, ever spend more than seventy cents of every dollar I earn or receive. Why? It is simple. As much as I like to spend, building my future and giving are more important to me than spending everything I have. I think spending seven dimes or less out of every ten dimes I earn or receive is smart. What do you think?  What do your parents think?

Always spend less than you have! I know you can do it. Now, go get to it!

Your friend,

Learn more about Sammy and his mission to help kids get in the habit of saving money and make dreams come true at www.itsahabit.com

© 2011 The It’s a Habit Company, Inc.

The Savings Plan by Sammy Rabbit

The Savings Plan by Sammy Rabbit 

Hello friends!  

It is smart to have a money plan and do all you can to work that plan. It is smart to know where you want your money to go so it gets there and just doesn’t end up anywhere.  That’s what a plan can do – help you put your money where you want to. If you stick to it, you can do it. 

Here are a few things to know about plans: A good plan is in writing. A good plan is clear and easy to understand. A good plan has a start and an end date. A good plan includes small steps. A smart person puts energy, enthusiasm and pep into working each of those steps. A smart person reviews their plan regularly. A smart person gives their plan time to work. A smart person adjusts their plan when they know for sure the plan is not working. 

Anyone can have a plan and smart people do. So should you. You are smart too. You can do it! Now, go get to it! 

Your friend,

 

 PFCU has lots of ways to help kids save.  Check out the Kid’s Club at www.pfcu.org and become one of Sammy’s Pals!

 Make your Savings Plan today!  Download and print your goal setting sheet for free.

  http://www.pfcu.org/site/KidsClubSaving.pdf
 

Learn more about Sammy and his mission to help kids get in the habit of saving money and make dreams come true at www.itsahabit.com

© 2009 The It’s a Habit Company, Inc.