ENTERTAINMENT company, Fun Park Rentals, will later this month launch an innovative drive called “Teaching Children Smart Money Habits for a Lifetime”.
The initiative, which is being realised with the help of the Small Business Bureau and Tech Pro Security Products Guyana, will be incorporating the “Money Savvy Piggy Bank” system, universally known as a variation of the traditional “One-slot Piggy Bank”.
According to Fun Park Rentals Manager, Athalyah Yisrael, the objective here is to teach children throughout Guyana how to be financially independent, and call on parents, teachers, guardians and policymakers to get on board to transform the coming generation into a money-savvy one.
“We would agree,” she said, “that there is a need for more financial education for children. This lack of education eventually results in adults who suffer terribly with money management issues.”
Through the drive, Yisrael said, it is hoped to empower children with the aid of the “Money Savvy Piggy Bank”, which is essentially a money-management tool that teaches them how to grow and multiply money from as young as four years old.
Noting that its essentially a 21st Century twist on the traditional “piggy bank”, Yisrael said the new system deploys four slots, called chambers, instead of one, each of which is labelled in accordance with the child’s money-management project of choice, namely: Save, Spend, Donate, and Invest.
“We strongly believe that if you teach your children to budget and save when they’re young, they will develop good money habits when they’re adults,” Yisrael said.
