Your News Kids Get Lesson in Financial Planning Thanks to Parents

Daily Herald (Arlington Heights, IL), August 30, 2014 | Go to article overview

Your News Kids Get Lesson in Financial Planning Thanks to Parents


Byline: Submitted by Karen Spillers

For kids like Abbie Perryman of Lake Zurich, whose mom Nikki Perryman works at Northwestern Mutual's McTigue Financial Group as director of operations, this year's summer fun included a trip to their parents' office in downtown Chicago for Take Your Kids to Work Day 2014.

The day featured a lesson in both financial literacy and the importance of helping others, and ended with a sweet taste of ice cream. In the spirit of teaching the kids what services the financial planning firm provides, the kids, ranging in age from 3 to 18, were introduced to "Penny the Pig," a clever piggy bank designed to help young people plan and learn to manage money.

"It's never too early for kids to get a head start on their long-term financial security," said Michelle Romano, chief financial officer, who outlined the components of the four-slotted piggy bank.

The slots on Penny the Pig show the four ways people use money: spend, save, donate, or invest, she explained. To make the general use more personal for kids, a sheet of stickers was provided.

"By putting the stickers on their bank, kids can visualize their goals," she added.

For a host of other resources that can help give kids a financial head-start, visit TheMint. …

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