Feed the Pig encourages young adults to take small steps toward building a solid financial future and provides them with easy tips for building savings.
According to a study commissioned by the AICPA, for every dollar of assets owned by 25-34 years old in the United States, they are carrying 70 cents worth of debt. On Feed the Pig you’ll meet “spokespig” Benjamin Bankes who urges these young adults to spend within or below their means. The website provides interactive tools to help young adults proactively change their spending habits and measure the impact of current habits on future savings. These tools provide young adults with a reality check while empowering them to take simple actions to change their behaviors regarding money to start saving today.
As a mom with twins and only one reliable income coming in, my husband and I are learning the value of saving money. When the twins came along, we really had to change our spending behaviours, as I’m sure all families do, to save money and to get the most for our money. I still to this day remember going through the baby aisle for the first time looking at formula in case the breastfeeding thing didn’t go through. I could not get over the prices,$16-18 for a can of powdered formula (our local store doesn’t carry the larger cans). I thought.. my goodness, how the heck can this stuff be that expensive.. little did I know at the time that we’d be spending $80- $100 a week on formula alone.. ouch!
I really do wish I would have saved my money in my early twenties or even had been smart enough to save it in my teen years. My husband and I have agreed to teach our children to save and spend wisely. Now if we have money left over from our paychecks, it goes straight into the savings account without hesitating. Any loose change we have also goes in there. We’ve even set up savings account for each of our children and while they’re young, any birthday or holiday money they receive goes straight in to their accounts. When they’re 18 they can do what they please with the money, but we hope to teach them to continue to grow their savings and use it for their college education.
This giveaway has ended. Please check back or a winner!
The Giveaway
Feed the Pig would like to offer 2 of our readers a prize pack, each containing a Piggy Bank, Stress Ball, Key Chain, and Weepul.
To Enter:
Visit FeedthePig.org and check it out, then leave a message below sharing with us your tips to building up your savings. (Do you save a percentage of your paycheck, do you have any creative ways you build your savings, etc?)
For Extra Entries: (optional)
1. Subscribe to the Mom Fuse Newsletter.
2. Share this giveaway via the options below in our “share and enjoy” toolbar. That’s over 20 extra chances to win! Be sure to leave a separate comment for each. (Twitter is listed in the options!)
3. Follow Feed the Pig on Twitter (http://twitter.com/feedthepig)
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Contest ends 7/24 – Winner announced 7/25
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U.S. residents only
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Comments not adhering to the rules will be deleted
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Good Luck!