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.
Author: J.D. Roth
In 2006, J.D. founded Get Rich Slowly to document his quest to get out of debt. Over time, he learned how to save and how to invest. Today, he's managed to reach early retirement! He wants to help you master your money — and your life. No scams. No gimmicks. Just smart money advice to help you reach your goals.