Financial literacy is best taught at a young age. Some of us are just coming to terms with basic financial skills at 38 — what if we’d managed to start on these habits when we were eight?
The goal of the It’s a Habit Company (IAHC) is to “change children’s lives one dime at a time”. To meet this objective, the company has developed a character named Sammy Rabbit to better reach kids. IAHC (and Sammy) offer a variety of resources to teach financial literacy.
For example, they’ve published a couple books, including It’s a Habit, Sammy Rabbit! in which Sammy the Saver learns:
- Saving is a great habit.
- Saving is better than wasting.
- Saving prepares us for emergencies.
- Saving helps us to help ourselves and others.
- Saving, collecting, and counting are fun.
- Our savings will grow when we make saving a habit.
- A habit is something we do every day.
IAHC also offers a CD filled with “15 contagious songs from a variety of genres that celebrate leadership and smart money management”. I asked Sam X. Renick, the company’s founder and CEO, if he’d be willing to let GRS readers sample some of the music, and he pointed me to these tracks:
- Get In the Habit — “You can do it, now let’s get to it: from every dollar, save a dime.”
- Rainy Day — “It’s alright, it’s okay: I’ve been saving for a rainy day.”
The IAHC web site contains a variety of resources, including information on Sammy Rabbit appearances, Sammy’s favorite money sayings, links to other resources, and a collection of interviews with money experts.
If you have young children, Sammy the Rabbit could be a great way to teach them to save.
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