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Spend, Give, Save - Teaching about Money

3/18/2017

1 Comment

 
It was a quick and easy project that my daughter and I are both excited about. I'll update later to let you know how everything goes.
My daughter started expressing interest in earning money for doing things around the house so, before I jumped into the idea I decided to read up on the suggestions from people who might know a little more than me. I checked out my local library and grabbed a few titles that seemed helpful. After reading a bit of each, I decided that I would introduce a guaranteed weekly allowance that was not dependent on chores. That being said, she still has to finish the chores she has always done as a requirement for being a member of the family. I decided to give her $6 per week. The books I read suggested the number of dollars equal the age of the child with a raise each birthday. I also created three jars for her allowance: spend, save and give. She can choose how much to put into each jar but she must put some in each every week. The idea is that they learn the value of saving for something big and helping others while still having a little spending money on the regular. 
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When I decided to make the jars I didn't want them to be breakable. My three year old son enjoys messing with everything that belongs to his big sister and I didn't want to run the risk of broken glass everywhere. So, I found a package of three food storage containers at the Dollar Tree. I cut a hole in the top of each and lined the jagged plastic with colorful washi tape. Then I taped colorful paper on the inside of each container and, using my Silhouette Cameo, I created vinyl letter labels.
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1 Comment
Mimi
3/20/2017 01:07:29 pm

Sounds good! Might recommend putting out of the little guys reach and including him in the program. Always wanted a solid plan but never seemed to come up with one that I could consistently follow.🔆

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    meet rachel

    Rachel is a mother of three, elementary Spanish teacher and part-time blogger who loves crafting, creating fun and engaging activities for her children and students and hanging with her friends and family. She blogs about what she's doing and her interests at any given time which vary. She's a little OCD and always looking for her next project. Her husband calls it, "focusing her crazy", but she just calls it fun. 

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