Monday, August 10, 2020

Pigly and Your Finances



Hey all,

Found this really neat website called Pigly.  I am pretty excited about it, because as a homeschooling parent, I have realized over the years that we do not do enough teaching in school about handling finances.  My son who was a loan officer at a local credit union said he was amazed at how many people had no clue how to fill out a check, figure what they could afford for a loan, and how to do a simple budget.  All of my children were taught about finances before they graduated.  Mainly the simple stuff like creating a budget, saving towards a larger item, managing a savings or checking account, was required knowledge for my children. I went to public school and definitely was not taught any of these skills necessary for daily life and learned many of them by trial and error. I was an A/B Honor Roll student, yet there were no courses on day to day finances.

So, back to Pigly, this is a really informative website with many different calculators designed to help you with your budget, loans, retirement, investments and many other financial issues.  This would be a great tool for homeschoolers to incorporate in to their curriculum for the school year.  Beyond that though, is the ability for individuals who realize they are in need of help, in one or more of these areas, to use one of the Pigly Calculators to help gain control of their personal finances.  USA Today had an article regarding how Americans are presently struggling with finances due to the Covid virus.


Pigly is free to use and there are no annoying ads to distract you.  Along with the calculators, you will find general information in each area of finance to help you make wise choices about your money and how you will choose to apply your new knowledge.  From Pigly: A 2018 survey by the Federal Reserve indicated 40% of Americans would not be able to cover a $400 emergency with cash, savings, or a credit card they could quickly pay off.

If you have children ages 12 or older, show them how to use the savings calculator.  Plan some time to teach them ways to save a portion of their allowance or birthday money and let them see the results of saving.  For older teens who have jobs or who do extra chores for spending money, have them plug in some numbers to see how much they can save by putting away a portion each week/month. The American Bankers Associate has a special program TCTS, Teach Children To Save.

For those of us who are already adults, take advantage of these easily accessible calculators to help you find different ways to cut corners, change your spending, and how you can invest or save your money.  I personally will be utilizing a couple of the calculators to help with my new business to figure out the best way to reinvest in my business as well as putting some away for a rainy day!!


Thanks for stopping by today and take a minute to check out Pigly!! See you soon!

PS - They also have an online game!!


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