Do you recall, putting your hard earned money into the Piggy Bank to save for that brand new toy? And of course, putting aside a few cents for a trip to the Candy Store.
EG Financial Services Owner Elson Goh, called for the return of the Piggy Bank, when he caught up with Mike on Weekdays today.
“As cash is replaced by cards (and even phones) kids are losing the visual appreciation of money”, Elson said.
Most of us can identify with this situation:
- Child: “I want this new toy”
- Parent: “No it’s too expensive, I don’t have the money to buy toys”
- Child: “But you have your card, all you have to do is tap it!”
Click below to hear the full conversation with Elson and his tips on educating your kids about money.