If I wanted to, I could fill this blog with posts of all the basic financial gems like budgeting templates, savings calculators, and mortgage interest rates. Because there’s no shortage of said material, I’d like to talk about one of my favorite sites: Feed The Pig .
Feed The Pig is a National Public Service Campaign sponsored by the American Institute of CPAs and the Advertising Council. The site’s mascot is not the most attractive pig I’ve seen, but stay with me. His head is a piggy bank and that’s where the parallel message lies.
The presentation is meant to appeal to young people, or those that we’ve affectionately labeled the Millennials. Us Baby Boomers would be remiss in our obligation to society if we failed to engage this genre. According to SoFi (www.sofi.com), 39 percent of Millennials would rather disclose a preexisting sexually transmitted disease to a potential partner than reveal how much debt they have.
See the imminent need? If you’re a Millennial, pay attention.
Everything you need to know is here. The pig’s advice emphasizes strategies for saving, budgeting, and planning for life events. The links are titled Get Started, Manage Your Money, Master Credit & Debt and Plan Ahead. Go to the Toolbox to find calculators, podcasts, tips, and other resources. Challenge yourself to the goals and habit changing advice. Learn how to manage your spending habits, not have your spending habits manage you.
The material covers a full scope that requires some time to digest (preferably on rainy days). I recommend taking it a few steps at a time. Rest assured, they left nothing out and, if followed properly, it will lead to a worry-free financial life.
For the young person in your life, click on the link Feed The Pig For Tweens. This is intended for 4th, 5th, and 6th graders. They can play whack-a-mole with cute little piglets. The game encourages good decision-making by having the player choose between Needs and Wants.
This is a distinction that our friend’s son could benefit from. Judging by the dozens of designer sneakers stacked in plastic containers in his room, he views his sneakers as the sustenance of life. Each pair cost north of $150 and he rarely wears them for fear that they might get dirty.
Feed The Pig’s sister site is 360 Degrees of Financial Literacy . This site speaks to adults where real-life issues are addressed. I like how they organize their information by life stages in addition to the typical topic list. Necessary but unpopular topics like medical crises and loss of a spouse are mentioned here. Valuable advice is offered for when life forces you to put on your big-boy or big-girl pants and make some real financial decisions. Again, you could easily drown in the amount of information, but if you want an education in financial management issues, bookmark this to your Favorites and visit often. If you’re done with all the site topics and still at a loss for information, you can consult The Money Doctor and look at past questions, or submit your own.