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    Home » Lifestyle

    Teach Your Kids Financial Responsibility with Virtual Piggy #VirtualPiggy

    November 24, 2012 by Jenn 19 Comments

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    If there ever was a season for shopping online, the holiday season would be it!

    Angeline has gotten to the point where she actually shops online, and I am always nervous about giving her my credit or debit card to complete the transaction! It isn't that I don't trust her, because she is a pretty good kid and would never buy something behind my back. It's more that I am crazy paranoid about where she's entering my credit or debit card information because I've had so many instances of people trying to fraudulently use my credit card in the past few years.

    I found a fantastic way to let Angeline do her online shopping without a) having to go dig my credit card out and give it to her and b) having to worry about where she is shopping!

    It's none other than Virtual Piggy!

    Virtual Piggy is essentially a virtual piggy bank - thus the "Virtual Piggy" get it? - and it's really easy to use. You just register for an account, complete with your preferred credit card and a shipping address, and then add the children you want listed under your parental account.

    For each child's account, you can create detailed parental controls like approved merchants, set up transaction limits, levels of transaction approvals and the like. Virtual Piggy is also a certified licensee of the TRUSTe® Children's Privacy Program, which has been approved by the Federal Trade Commission as an authorized safe harbor under the Children's Online Privacy Protection Rule, so  you don't have to worry about the security of your credit card information!

    Features of Parental Controls:

    • Set monthly allowance amounts, savings targets and charity goals.
    • Require approval on every purchase your child makes, or just some of them.
    • Set a maximum limit per transaction, per day or per week.
    • Restrict which merchants your child is able to shop at.

    Virtual Piggy also helps teach financial responsibility!

    Virtual Piggy has a motto: Youth Empowered, Parent Approved. Virtual Piggy wants you to empower your child to make their own financial decisions within the budget and controls that you set up in your parental account. When you register for Virtual Piggy and create your children's accounts, it is a great opportunity to start talking about money and financial responsibility!

    Children need to learn how to balance their spending and savings goals, and this is a great way to do that! By setting the kids up on Virtual Piggy, they are in a real online shopping environment where they’re able to make their own purchases and managing the budget that you've given them in their accounts.

    Virtual Piggy is currently being set up with 80 different merchants, including Aeropostale, K'Nex, Sephora and many others!

    Virtual Piggy also offers an online store at shop.virtualpiggy.com with gift cards from major brands like Papa John’s, Foot Locker and Regal Theaters, many of which are totally printable, so you can use them at brick and mortar stores!

    While you're checking out Virtual Piggy, make sure you check out the Wishlist!

    What is the Win Your Wishlist Sweepstakes?

    Virtual Piggy includes a Wishlist, where children can add the products they want to either save up for, or receive as gifts. As a parent, you can always view their Wishlist, and can invite extended family and friends to view its contents and shop from the list during birthdays and holidays.

    In honor of the holiday shopping season, Virtual Piggy will randomly select ten children to win the contents of their Wishlist up to a value of $500! You can gain extra entries for your children by sharing Win Your Wishlist on social media, and getting friends to register and join Virtual Piggy too!

    Win Your Wishlist runs Nov 11 through Dec 7, so check it out now!

    Another great way that Virtual Piggy is celebrating the holiday season is by offering hundreds of dollars in discount holiday promo codes to families when they sign up for Virtual Piggy. Starting November 12th, you can see the special offers available on the Virtual Piggy website. Once you are logged into your Virtual Piggy account, all the promo codes will be available to you.

    The Member Value Program runs November 12 through January 15, 2013 (though some offers will start or end sooner)

    Now that I've seen that Virtual Piggy is already working with Sephora and Aeropostale, I can just set up an account for Angeline to do her holiday shopping for her friends all on her own without worrying!

    Get Social with Virtual Piggy!

    Visit the Virtual Piggy Website /  Like Virtual Piggy on Facebook / Follow Virtual Piggy on Twitter!

     

    This is a sponsored post from Splash Creative Media on behalf of Virtual Piggy. All opinions are my own.

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    About Jenn

    Jenn, AKA "The Rebel Chick," is a single woman who strives to help her readers live their best lives possible. Whether it be through sharing new recipes, sharing her dating stories, or encouraging people to embrace adventure and travel, she aims to inspire people to live full, happy and authentic lives.

    Reader Interactions

    Comments

    1. HilLesha

      November 24, 2012 at 1:19 pm

      Great post! Thanks for the info.

      Reply
    2. Stefani

      November 24, 2012 at 6:05 pm

      Thanks for sharing. I am off to their site to get more info.

      Reply
    3. Brett

      November 24, 2012 at 6:10 pm

      I love the wishlist idea. I am going to enter!

      Reply
    4. Liz

      November 24, 2012 at 6:38 pm

      The parental controls are so key, and they're excellent.

      Reply
    5. Andrea

      November 24, 2012 at 8:48 pm

      I just wrote about Virtual Piggy myself. I love the concept and plan on signing up.

      Reply
    6. Ronni Keller

      November 25, 2012 at 2:00 pm

      Parental controls!! HUGE!!

      Reply
    7. Ellen Christian

      November 25, 2012 at 2:01 pm

      Fantastic! Saving money during the holidays is so much fun!

      Reply
    8. Michele

      November 25, 2012 at 4:53 pm

      Learning budgeting skills in a safe environment is a big plus--I have no choldren--but if I did I would most likely sign up for this.

      Reply
    9. mel

      November 25, 2012 at 5:23 pm

      Thanks so much for sharing!!! What an amazing concept!

      Reply
    10. Emily

      November 25, 2012 at 5:34 pm

      What a great concept. I never was able to do online transactions myself until I moved out but I think this is a great way to allow children the freedom to shop online without all the fear.

      Reply
    11. Allyson Bossie

      November 25, 2012 at 5:37 pm

      sounds like a great idea to teach kids about money!

      Reply
    12. Beeb Ashcroft

      November 25, 2012 at 5:51 pm

      Interesting idea and great sweeps!

      Reply
    13. Nicole (Mama to 4 Blessings)

      November 25, 2012 at 7:02 pm

      sounds like a great program! Thank you for sharing!

      Reply
    14. Nichol

      November 25, 2012 at 7:32 pm

      This is really cool. Teaching children financial responsibility is essential. It is something I talk about with mine constantly. I'll have to check this out.

      Reply
    15. Kecia

      November 25, 2012 at 8:55 pm

      Sounds like a great way to teach children the importance of finances!

      Reply
    16. Shell Fruscione

      November 26, 2012 at 2:31 am

      That sounds like SUCH an amazing service! I wish it was around when I was her age- my mom never let me buy anything online but if we had this she would have!

      Reply
    17. Lolo

      November 26, 2012 at 3:58 am

      This is such a great idea!

      Reply
    18. Dee

      November 26, 2012 at 10:13 am

      How awesome! I need to check this out!

      Reply
    19. KIM

      November 26, 2012 at 7:24 pm

      Great tips. Anything to help my grandkids. I'll have read further when I have the time.

      Reply

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    Hi, I'm Jennifer! I'm a Miami native and I love sharing easy dinner recipes, baking recipes, travel ideas and general Miami Lifestyle fun! Follow along for inspiration on how to make the most our of life!

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