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Money Lesson 3 Parents Should Teach Kids

by Team Sammy

Goals Are Like Gold

Set a Savings Goal. Lesson 3

Parents, we want to encourage you to teach, educate and talk to your kids about setting goals, especially money goals, starting with a savings goal!

Goals are like "gold!" They provide lots of return on investment - "R.O.I."

Goals teach children to think and plan for what they want and dream about achieving. 

Goals give kids the opportunity to build their money, time management, organization and priority skills.

Goals help children learn to focus, concentrate and be accountable.

Dreams and Goals

Think of dreams as the why! Dreams provide direction and desire.

Think of goals as indicators, milestones, markers and measurement points to assess progress on the journey to making dreams come true. 

Goals help us determine if we are heading in the right direction, on the schedule we establish.

Goals provide a pathway and structure to achieve dreams and get the things we want and need, when we want and need them.

5 Outstanding Quotes and Sammyriffic Wisdom on Goals

Here are five outstanding quotes that reflect the power of goals.

(1) “Setting goals is the first step in turning the invisible into the visible.”

–Tony Robbins

(2) "If you aim at nothing, you will hit it every time."

–Zig Ziglar

(3) “A good goal is like a strenuous exercise — it makes you stretch.”

–Mary Kay Ash

(4) "Set a goal and don't quit until you attain it. When you do attain it, set another goal, and don't quit until you reach it. Never quit."

–Bear Bryant

(5) "Set goals. It's a great habit!"

–Sammy Rabbit

Good Goals

Not all goals are set equally. Good goals or smart goals are:

  • Clear. They are specific and easily understood

  • Measureable. They can be easily tracked and managed.

  • Time Bound. They identify an exact date as to when they will be accomplished.

4 Easy and Fun Steps to Teach Your Kids to Set Saving Goals

Have kids:

  • Listen to one or all of the songs hyperlinked in this blog, starting with Get in the Habit. Then, have them complete the activities associated with each blog. Parents, grandparents, and other interested adults, you may want to start with our Parent Guide for the song Get in the Habit!

  • Read the story Sammy's Big Dream. Review and discuss pages Pages 11 and 16. These pages share the role goals played in Sammy Rabbit accomplishing his big dream

  • Follow up the song and story with a discussion

  • Make a deposit with your child or children into a piggy bank, savings jar or into a savings account at the financial institution of your choice.

Sammy Rabbit says: "You can do it. Now, get to it!"

Related Reading and Resources

Contact Sammy

If you have questions, suggestions or would like learn more about Sammy Rabbit and his mission to teach kids great money habits and other important life skills, contact us!

Introducing Sammy Rabbit's Money School

Let's get kids financially literate!

Sammy's Money School is a one of kind membership with a treasure trove of activities, stories, songs, videos, arts, crafts, live virtual experiences, and challenges to learn all about money, the secret strategies of the rich and wealthy, as well as the habits that will help you make your dreams come true! Learn more about joining the Money School.