Friday Featured Giveaway: Great Piggy Bank Adventure Flip Cam

Just yesterday I wrote an email to a new work colleague who is leaving early next week to visit Walt Disney World with his family.  He wanted to know which rides and experiences should make it onto his “not to miss” list.  I placed the Innoventions pavilions at EPCOT at the top of my hidden treasures recommendation, and pointed out that while they are often overlooked, they remain favorites to both of my children. Each building features a series of exhibits and activities sponsored by a variety of companies, each with a different theme.  It is a place for kids to learn about everything from fire safety to recycling, all while having a blast in cool, air-conditioned buildings.

One of the exhibits at Innoventions West is The Great Piggy Bank Adventure®. This online game and interactive experience (which is so much fun that there’s always a short wait!) helps parents talk to their kids about money and good financial habits.  T. Rowe Price conducted the Parents, Kids and Money survey and created what they call the Ease of Conversation scale.  They found that parents find it more difficult to talk to their children about family finances and investing than dating, drugs, smoking, or alcohol.  Given the current state of the economy and the number of people struggling to rebuild after making unwise financial decisions, it seems that now is a great time to help parents become more comfortable discussing finances with their children.

Giveaway

One Resourceful Mommy reader will receive a 4GB Ultra HD Flip video camera!  To enter to win, please answer the following question in comments. It’s that easy!

Why do you think it is easier for parents to talk about drugs and smoking than family finances with their kids?

This giveaway ends Friday, September 16th at 11:59 p.m. ET and is open to residents of the U.S. and Canada age 18+. Good luck!

Disclosure: A gift card and the Great Piggy Bank Adventure-branded Flip camera have been provided courtesy of T. Rowe Price.  T. Rowe Price is not involved in or responsible for the outcome of this giveaway.  In other words, if you receive your Flip camera a little later than expected, it’s totally my fault.  Also, all opinions are my own as always.

Friday Giveaway Linky

If you are currently hosting a giveaway on your blog and would like to invite other Resourceful Mommy readers to enter, please list the link below.  Thanks!


Written by: Amy

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78 Comments

  • I think we avoid talking about money because in the US – we try really hard to be classless. Everyone is “middle class”, and we don’t want to give our kids impressions that are contrary to that. Also, the stakes feel lower than drugs or risky behavior.

  • My oldest is only 5 so we’re just introducing the concepts of budgets and money, but one of the greatest gifts my parents gave me was an understanding that there was a (tight!) family budget, so I intend to make sure that my kids get those same lessons.

  • I think parents are much clearer on there opinion of drugs and smoking than finances. Most parents can’t even get a handle on their own finances, much less teach their kids about it.

  • Everyone is in a different financial position in their life. A lot of people are really struggling and find it difficult to talk about with anyone. Drugs and smoking are so cut and dry and pretty clear. It’s expected that you should talk to your kids about things that could be harmful to them.

  • Sadie

    We have a hard time talking about money with our kids because, we want them to have a better life then we did. It is so hard to learn to say no to those cute little faces asking for things in the store.

  • Becky Cole

    I think it’s easier to talk about drugs and alcohol because they are illegal/restricted but money is everywhere and so many people misuse or mismanage it.

  • Why do you think it is easier for parents to talk about drugs and smoking than family finances with their kids?

    This is an interesting question. I don’t have any problems talking to or teaching my son about money, finances, budgeting, bills, etc., but my mother’s biggest regret about her childhood is that her parents didn’t teach her anything about how to handle money.

    I think for many parents, drugs and smoking are easier for them to take a stance on “don’t do it because it will ruin your health”, etc., but where money is concerned for many parents keeping their children ignorant of family finances is some twisted way of protecting them.

    Not to write a book here, but I think it’s related to what we learn from our parents and if you track that back to great-grandparents who went through the depression and grandparents who went through WWII, once the war was over and people became more prosperous in the 60’s, for many parents, the primary concern was making sure their children didn’t have to worry about the things they had to worry about growing up and a big part of that was keeping family finances as something only the parents had to worry about.

  • sarah

    I think it is easier to talk about money. We need to teach them how to manage what they receive and are using Dave Ramsey Jr. to teach them.

  • Melissa P. @Mel4Him

    I’m really not sure. I make it a point to show my son my finances and what those finances are used for. His school has a great program too where they can open up a bank account and actual deposit their money on certain days in school. It is run by one of the local banks in my area. I have also been teaching my son that if you do not have the money for something then you need to save up for it. Do not invest in credit cards because they will eat you alive. LOL

  • I think that money is just more complicated! It can be used for good or evil. With drugs, it’s cut and dry. We can tell our kids: “They’re illegal. They kill. Don’t use them.” It’s a lot simpler to explain to our kids than it is to try to tell them how to invest money (especially when we’re still learning that ourselves!).

  • traci s

    because as parents its our job to provide for our children, keep them from the stress of worrying about if the money coming in is enough to cover the money that goes out.

  • I think we find it easier to talk about the things we fear our children doing. It is natural in our society to place more focus on the things we worry about. Sometimes in that process, we neglect that we are supposed to teach them how to be practical and resourceful, almost as though it is something that just happens or is expected.

  • anne hill

    i think it’s easier cuz drugs & smoking are things we see tv commercials about and glamorized in movies – therefore it’s more visible and easier to get into a discussion about with kids.
    i think adults might neglect the finances part for various reasons – privacy, unawareness, selfishness, or spite. if kids know about parent’s $ they might be able to better argue to get it or ask for more things. parents don’t always want to buy their kids everything and don’t want to hear kids always asking for something. also, kids have a way of telling people things parents might not want others to know.

  • Depends on what your parents did and what was allowed to be spoken about in the home. I think we discuss finances more with our kids than our parents did with us.

    @bctripletmom

    bctripletmom at gmail dot com

  • karenmed409

    I have been taught not to talk about finaces to kids, I don’t think they should have all the worry on their shoulders until they are older and understand. We need to talk to kids about drugs and smoking, it concerns their safety and health,

  • @lovinmomma88

    Hhmm… I don’t know if that’s easier. For me personally, I think it’s easier to talk about financial responsibilities with kids. It’s such a daily part of life, but then again maybe drugs are too when you are growing up? But I was such a dork I stayed away from all that as a child, wouldn’t know!
    So I actually think talking about finances is easier and important. :/ With drugs and smoking, I’ll just say “say NO…”

  • I think parents may feel weak or embarrassed about financial situations so they pretend it is all okay.

  • drugs, alcohol and smoking can be chalked up to youth and stupidity… it is also publicly talked about with celebrities. Money is very personal and ongoing.
    andrea.kruse at gmail dot com

  • Jennifer Marie

    Money is a very tender subject. When there is a lack of money parents do not want their child(ren) to worry. Not talking about it is easier than causing pain to some people.

  • sarah

    I think it is easier to talk about drugs and alcohol to kids rather than finances because finances involve so much more and tend to be a little more of a deep conversation. Also most of us are going through this the first time with finance issues. As far as drugs and alcohol goes most everyone has done one of those so it is easier to talk about past experiences when you were younger.

    sugardipes1 at aol dot com

  • I’m honestly not sure but I guess it could have something to do with assumptions. I feel like my kids see how hard money is to come by (since we are a single parent household) so they learn by doing! But… this has sparked my interest to see out some information to have that talk with my family!

  • I think it’s easier to talk about drugs and smoking because most parents don’t do them so it’s easier to point to them and say “bad – avoid this”. With finances it’s a more complicated discussion. Plus given today’s economy I think it can be difficult – especially if the financial picture is uncertain.

  • Drugs and Smoking are black and white issues that are easy to teach children about. (Ex. Drugs & Smoking=Bad). Finances are much more complicated and even as an adult, I feel like I am still learning about finances – so having to explain them to my young children is not as easy for me.

  • I think it is easier to say don’t do these bad things…drugs,smoking, etc, than to go into a lot of detail about money. Lots of parents I know are NEVER truthful with their kids about finances, or the lack of finances. We strive to be open and honest about them in our home!
    bleatham*at*gmail.com

  • When it comes to drugs and smoking it is easier to just tell your kids don’t do them and it is a safety matter. Finances are harder because it is so much more complicated and everyone has different opinions.

  • Deb P

    It might be hard for parents to talk about family finances because it can be a very embarrasing situation for parents to disclose personel family money issues, you feel like a failure for not being able to supply nice things for your family. If you don’t have financial issues, then why talk about it. Your children can also learn from watching how you are with money, you don’t always have to tell them. Drugs and smoking are something you warn your children about because they are harmful and its your obligation to warn them.

  • ellen

    It is much tougher to talk about finances than drugs/smoking. Drugs are illegal, smoking isn’t allowed as a choice until a certain age. Finances are something that if parents don’t get involved and teach it could put young adults in dire straights very early. Many colleges are giving credit cards left and right, and some can get them even sooner.
    So finances being tougher is my vote!

  • nan

    i think it’s easier because for the most part it’s easier for kids to visualize and see smoking/drinking than financial issues. my dad always ttalked finances to me as a kid, but til i had to pay my own bills i didn’t really value his lessons
    nannypanpan at gmail.com

  • JoeyfromSC

    Because parents feel the need to shelter the child from knowing about the familie’s finances, so they won’t worry the child.

    Plus parents may smoke/drink or have when younger, and it’s a topic that is easier for them to talk about than money issues!

    thanks for the chance!!

    ajoebloe(at)gmail(dot)com

  • backdrop001

    I think one of the reasons if because it really doesn’t occur to them to. They think school prepars them for it.

    they are more worried about the other and don’t want to burden the kid with more as well

  • I really have NO CLUE … my guess would be that talking about finances can be MUCH more complicated that talking about smoking/drinking.

  • Kelly R.

    It is alot harder in some ways. But yet easier in others. As some have said, it is easy to pinpoint drugs and smoking as a negative and bad behavior that has consequences. But finances are easy to reward with good behavior. Many parents avoid talking drugs and smoking because they are in denial.

  • I think it would be easier for me to want to prevent my kids from physically harming themselves by using drugs. I don’t think parents want their kids to know they may have financial issues. We want our kids to just live life and be happy and healthy. Not having to worry about if a bill gets paid or how much groceries we can afford this week. I want to make sure their bodies are not harmed.

  • For us, it would be easier because we have never done drugs, nor do we drink, however family finances hits home! It’s alot easier to talk to them about bad things that don’t concern us directly.

  • Kimberly

    I think money is more difficult, primarily because the concept is more abstract. I have been encouraging my son to save his money for things he wants to buy in an attempt to help him understand he can’t just have everything he wants (he’s 5). Unfortunately, he has started “finding” money in my car, my purse, on the counter…and my mom saves all her change for him. He doesn’t yet get the concept of how much an item costs, and I think it is only going to get more difficult from this point forward. Wish me luck!
    kcoud33 at gmail dot com

  • Chelsey

    I think it’s easier to discuss drugs and smoking with children simply because it’s easier to explain. Drugs and smoking are bad for you. The end. Discussing finances is more difficult probably because not even many adults have their finances in order. It’s harder to explain something they themselves might not fully grasp.

  • Claudia M @cdmtx65

    this is a really good question … i think its because Most parents don’t know how to start the conversation if they feel they don’t know how to handle their own finances …
    Drugs and Smoking seems to be a easier Subject as both are really bad for your health / Lung Cancer,mental issues,dependency etc. Also schools ,Commercial and steady advertisements points out how bad smoking and drugs are while nobody talks about finances instead as soon as the kids turn 18 years old ( or even younger ) they send a steady stream of credit card offers …sad but true 🙁

  • Shame? In a family with the same circumstances as mine, I think that would be a reason. I think drugs, smoking, and the birds and the bees might be talked about more willingly because they cause actual bodily harm, and as parents we do everything in our power to keep our kids safe.

  • I think it’s easier to talk to a child and help them avoid something like drugs, smoking or alcohol…. they can make the choice to avoid those. They can’t choose their families current financial situation. Not to mention most kids just don’t have the emotional maturity to even grasp what financial matters mean at this point.

  • I think it’s because everyone is comfortable with their position on drugs and smoking, but it’s so much harder to have a really clear message on finances, especially if your own finances are less than perfect.

  • I think parents are more comfortable talking about drugs and smoking because everyone has petty much the same outlook on them. With family finances some parents may feel they have failed or aren’t doing as well as they would like. It is hard to talk about things that make you harbor guilt or uneasy feelings.

  • I think its easier for parents to talk drugs and sex than money is because we just have to negate them, but money is not that easy. I believe money should be a ‘lifetime’ teaching, not a ‘talk’. My father made us keep a budget sheet, showing where we spent the money he gave us for doing chores. I learned to save, because I wanted a stereo. I learned to shop for the best price and quality. I learned value, because I had to earn the money. It has worked well for my children too.

  • Explaining family finances can be a very difficult thing with special needs children as in my own experiences trying to explain a bad financial time in the past. Him just overhearing our conversations when we didn’t realize he was listening caused my son to feel guilty and stress over a matter that really he had no control over. So at least at this point it’s not something we feel can be understood in a way that won’t cause our kids to stress but it’s certainly one that when we can just to be the right time/right mind of understanding we will.

  • Anne Lehnick

    I think it’s easier to talk about smoking and drugs because you are speaking about something that you don’t do and are restricting them from doing. However, finances are about everyone. Parents try to hide financial issues from their kids because they don’t think the kids will understand and they feel like they are failing as parents when finances are not stable.

  • Linda O

    Parent NEED to learn to communicate about that which our kids must face in the future. By communicating now that trust and closeness develops. Finances can teach responsibility in how we spend, save and succeed in life!!

  • It’s easier to discuss finances with my daughter … she’s 13 yrs old and really too naive about drugs; however, next year might be totally different!

  • We didn’t have any trouble talking to our 5 kids about either subject honestly. But maybe if it’s a fact that some parents have more trouble talking about finances w/ kids than sex maybe it’s bc they figure they know how to have/explain sex but don’t know how to handle their OWN budget and finances much less give advice on it. LOL I think the best thing is not only talking about it but showing them from EXAMPLE and practice what you preach bc they more often do as we do rather than what we say.

  • For me it’s not a matter of ‘easier’ – it’s a matter of what my children should be concerned with. My 14 year old does know that we have bills, we have to work to pay those bills, and he has responsibilities like turning off the lights to save power, not wasting food, taking care of his things, etc. Beyond that I don’t believe a teen needs inside information about household finances. When he’s older – then we’ll discuss it.

  • We talk about drugs, smoking and finances with our kids fairly easily, but I think for some people it is difficult to talk about any or all of those topics. Finances can be difficult for people that don’t have a full understanding themselves. Also, there are more options. It isn’t just a “don’t do drugs” message, but more of a process of how to spend, save and become financially savvy.

  • Summer

    I think it is easier to talk about drugs and smoking cause the answer is pretty easy, Don’t do them. As far as finances, some parents may not want to share with their kids how little or not little they make. It is a more in depth, conversation to have with them, and some parents may not want to take the time or effort to explain to them. I hope to open and honest with what we make.

  • Melanie S

    I think it is harder to talk aboit finances because a lot of people don’t even know how to manage their money correctly. It is so complex! As the drug talk is simple, it comes down to: don’t do it!

  • Karla Sceviour

    I think it is easier for parents to talk about drugs and smoking than family finances with their kids because drugs and smoking is everywhere!,and most kids know all about it so they know it is bad and they should not do it,so it is easy to talk about it and tell them to not do it! On the other hand,talking about finances can be hard sometimes,kids dont understand when you dont have enough money to buy them everything they want,they all think money grows on trees..lol..so it can make you feel bad letting them know you dont have enough money..some families have more money then others,so it can be a whirlwind explaining that to them!

  • Helen Stockwell

    I think it is harder to explain finances since most adults dont understand it all. You can explain to kids how drugs and smoking can affect your health… but the concept of money is different for everyone… what may be low income for one family is a fortune for another. I truly believe money and finance needs to be a class for all high school students before they graduate, just like health class is. Mismanaging your money can set you up for many hardaches (college tuition, starting a new job, your credit score). If the federal gov’t can get their act together, how can families truly explain it to their kids?

  • Athena

    money is an ongoing issue, drugs & cigarettes aren’t if u never start!

  • I think that it is easier to talk about these other things because it is easier to show the children the results from it. They can say things like “see what drinking did to (so and so) See what smoking does…etc.
    I believe that in general people do not have a grasp of their own finances, so it is hard to teach their children.

    RonaleeDuncan{at}aol{dot}com

  • stacy h

    i think its more difficult to talk finances because so few actually KNOW how to handle finances well. or, they know maybe they aren’t doing all they could and it’s kind of silly to talk the talk but not walk the walk when it comes to kids, right? drugs and smoking are so obviously bad, not setting up a savings account is also not good. although obviously doesn’t have the same health impact persay as doing drugs and smoking!

  • i think it’s harder for parents to talk about finances with kids for a few reasons: one being that they could have bad financial habits of their own and could feel guilty talking about how to manage finances when they aren’t in control of theirs. drugs and smoking are probably easier to talk about, because it’s easier to make examples of other instead of themselves.

  • tiffany ard

    I think its easier for parents to talk drugs and sex than money is because there are alot of parents that don’t have their finances in order. I am 35 yrs old and was never taught by my parents the importance of money or how to handle finances. Needless to say i have had a tough time figuring this out on my own. I hope that my struggles that i have made is clear in my talks to my kids so they don’t make the same mistakes! @tiffany053p

  • I think parents feel like drugs and alcohol lead to disaster and that they leave a negative impression on others. I have talked to my sons when they were teens about finances, because reckless use of credit or poor finance decisions can also lead to devastation. It is also our responsibility as parents to inform our children of ways to save and prepare for their future. A financial plan is the road map to success.

  • Patricia

    I guess it depends on each parent and their situations. My kids are really young. As I look into the future…these topics are important. I honestly don’t think it will be tough for me to talk about any of these subjects with them. I have already started talking to them…accordingly to their maturity level and what they can understand. I want them to have the right info and feel comfortable talking to me, instead of going behind me and looking else where.

  • I think there are many resources out there for talking about smoking and drugs and they are supported by in-school programs, too, so the burden isn’t on the parents,

    but for finances, there’s virtually nothing in school about that. Also, even if there are specific steps to follow, most people (according to the recent Merril Lynch seminar I attended) aren’t able to implement them.

    How do you tell your kid – do this or do that financially, but oh, Mom and Dad don’t do any of that?

    It’s not so easy to instantly have the financial wherewithal to implement a retirement/savings package. Especially in this economy. Most families are living hand to mouth, aware that at any time, they may be unemployed. Many families are one paycheck away from homeless.

    It’s easier to say ‘don’t drink or don’t smoke’ as it’s obviously better for your health, and the other usual reasons, then to make money appear out of nowhere.

    lara at twiceblessedlife dot com

  • Mandy

    I think there’s more of a sense of secrecy about finances. A family that doesn’t smoke or do drugs feels no need to beat around the bush about the negative aspects of doing drugs – but every family deals with finances, there runs the risk of the kid informing everyone in their class at school what Mommy and Daddy make. Our society considers it rude to ask what someone’s salary is, and whether you consider that valid or not, it has become intensely private even to the point of parents feeling the need to keep it from children.

  • I am not sure it is easier. For us, we talk about family finances and are helping to shape our children in their own financial decisions.

  • Heather G

    As an ex smoker its easy to preach and tell the children not to smoke and how bad it is. As for finances you don’t want your children to worry about money or whats going to happen. Children need stability and not to worry if they will have food on the table or a roof over their head.

  • nakia george

    i think it’s easier because telling your kids about alcohol and drugs lets them know all the negativity that comes with those bad habits, but letting them in on the finances can become a burden for kids when they need to be enjoying their childhood.

  • Wendy

    Family finances discussions may be challenging due to the fact we’re all faced with(just about) job insecurity. We’re this close from being in a fiscal mess resulting in missed house payments, late car payments, keeping up with increase of fuel, getting basic medical & groceries. The last thing a parent wants to do is create any type or sense of insecurity to their children or family so the topic is avoided. Drugs & alcohol are bad, just say no has been a hot topic of discussion for years so we are familiar with what to say…unlike the financial stuff.

  • Danielle Pontow

    Its so funny cause in our family we talk about drugs and alcohol all the time but when it comes to our finances.. we are mum.. I think we want to keep how much we make and spend private from our kids, while abuse of drugs is very much a topic we feel free to talk to them about.

  • Because drugs and alcohol are in the media so readily. Especially with the celebrities. I think finances is a more “taboo” topic until someone files for Bankruptcy (again on TV).

  • We haven’t had to have either talk yet because our daughter is still very young. I do plan on talking to her about finances at an early age though because I want her to learn that you have to work to make money. I think maybe the drugs and alcohol talk is easier for some because those things are detrimental to the health of your child, while finances can affect your quality of life, but in a different way.

  • I think it’s easier to discuss smoking or drugs with my teenager than to discuss finances because I am not directly responsible for teen drinking or smoking. I am largely responsible for our family’s financial situation and I worry he will feel disappointed or let down by me.

    I also feel he will use any information against me. He is very motivated by money, and I do not know where he got that from. My daughter was not like that at all, but my son definitely is so that is tough.

  • Because with drugs and smoking, the answer is clear cut. With finances there are more options and variations. And most of us have a more difficult time with finances than simply saying no to drugs!

  • matkeltri

    I think it’s easier to talk about drugs and smoking because everyone KNOWS what the right answers are (don’t use ’em)! But there is a sense of secrecy whenever you discuss exactly how much money you make/have. You’re not supposed to talk about it, because your kids might go telling their friends exactly how mommy makes (and the friends might go telling their parents, etc.). I guess it’s just a sensitive topic.

  • Cindy @bobisyellow

    I’m don’t think it’s easy to talk about either, but parents need to do a little research about both and do the best they can

  • HappyMomC

    I think that both topics would be hard but the first topic is an issue that everyone faces while growing up so children maybe able to relate better. Finances are hard to talk about because kids may not be able to grasp the topic entirely.

  • Drugs and all that stuff is very black and white, therefre easier to talk about. However, based on our families: hubby’s family overseas never had problems with money nor talking openly with all the kids, intimately involved in the famile biz and daily shopping from a very young age. However, here in the States m parents had problems with money and talking about it. Fortunately, hubby and I are extremely open with finance-talk, and happy they have their own kid biz to ground them even more.

  • Janet

    I, personally, don’t think it’s easier to talk about drugs and smoking than family finances with my kids. Both topics are equally important. However, as my kids have grown older, I spend less time talking about drugs & smoking and more time talking about money. I’ve taught them how to comparison shop and how to find the best deals. I’ve also taught them that living within your means is something that everyone needs to do.

  • Terri S.

    I think both topics drugs/smoking and family finances are equally important to discuss with our children starting at a very young age. Education on the negative effects of drugs/smoking is in the media and in school programs so I think parents feel more comfortable discussing it with their children. Perhaps some parents feel that children do not need to know about family finances believing that they’re too young to fully understand. I do not feel parents need to nor should they tell their kids everything about their personal finances but they do need to teach them the value of money, how to save for the future and how to spend wisely. I can remember when I was a child asking my parents to buy me things that I needed (this was usually after the bombardment of TV ads for toys) and they explained to me the big difference between what I truly “need” and what I just “want”.

  • Wanda M

    I think it’s easier to talk about drugs and alcohol to our kids because it has been embedded in our minds from our parents as the same as that family finances are. Parents try to shield any financial burden from their kids so they won’t disrupt their innocent lives and it’s too complicated for them to understand.

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