The benefits of using the Smayver Saver Journal and Chart speak for themselves.
Nurtures responsibility, independence and a serving mentality. This is the opposite to entitlement.
TEACHES THE VALUE OF MONEY
A Pocket money or a commission system teaches children they are only paid when they work for it. Children learn money lessons when they use their own money. It hurts more when something you buy breaks or is damaged, than when it was bought by mum or dad.
PRACTISING DELAYED GRATIFICATION
In today’s tech savvy world, children have less opportunity to wait – so much is instant! Using the Smayver Saver Journal, children learn to save for items they would like.
Delayed gratification is one of the most effective personal traits of successful people. People that delay gratification are more successful with their career, relationships, health, finances and really, all areas of life.
A GIVING MINDSET
The ability to empathise with others and the desire to contribute is a skill learnt through time and interaction with positive influences. Giving is amazing for the immune system and saving to give to family and friends teaches children to serve and respect others. Learning to give is a positive attribute for any child. Starting young means more impact for everyone. A win win!
A SAVING MINDSET
Children who learn the habit of saving earn a financial advantage in life. The weekly breakdown is a simple way for children to learn money earned is for giving, saving or spending. A saver knows where their money is going.
POSITIVE MONEY BELIEFS
Your beliefs about money are a key element in determining how much money you’ll be able to make, and how much of that money you’ll be able to keep.
It takes years to reverse limiting beliefs that were formed in childhood. As parents we can help our children get it right early on.
Grateful people are happy with what they have and understand that planning for “happiness” in the future can be problematic.
At the end of each week children write on their saver chart what they are grateful for. It’s lovely to learn what your children are thinking about life and a perfect opportunity to share with your child what you are grateful for.
CREATES HABITS THROUGH REPETITION
Children learn by habit and financial motivation to perform tasks in exchange for money and learning valuable life skills.
What has self-love got to do with pocket money? Good question and quite simply Smayver wants everyone to learn early on they are loved and most importantly we want kids to write nice things about themselves. These nice things are called positive beliefs (e.g I am adored by my family and friends). According to Warren Buffett (one of the most successful investors in the world), having confidence in yourself is a key element in acquiring wealth. He once said the following: “I always knew I was going to be rich. I don’t think I ever doubted it for a minute
Improved Communication and Influence Skills
Parenting is a challenge, filled with amazing delight and yes – defiance, attitude, bad behavior, personality clashes, tantrums and more. Many parents give up on pocket money systems as their children refuse to do the tasks assigned and/or they believe their kids will request payment for every chore they complete.
Implementing an effective pocket money system takes time. Take things slowly and be consistent in praising when tasks are completed and letting children be aware you have noticed the tasks that are left. “Noticed” is a nicer word than “do it!” Nobody likes to be nagged or bullied. Over time, you will notice your communication and influence skills improve. It’s amazing what you learn along the way. Communication and influence is key. Once a child is motivated to do tasks and chores, 90% of your battle is over. Don’t give up.
Not only do kiddies learn a chocolate box of talents using the Smayver Saver Journal, parents’ benefit as well. There is less room to give up on a pocket money system and the journal works as a tool to keep children and parents on track.
Using the journal with your children will raise questions about your own money beliefs and as the journey unfolds your financial confidence will improve.
The Smayver Saver journal is an investment for your child’s confidence and mindset. Pre-order now for limited time 25% discount! Orders being sent from July 30th. See my you tube overview on the journal here.
I look forward to hearing your feedback and success stories.