I know that my kids do. It's like their own little bank account. But much like those of us who have one 'pot' with no real purpose, what those funds are for becomes kind of cloudy.
Some time ago our bank had a promo video for kids about saving, sharing and spending. The video suggested three jars for kids - one for spending money, one for sharing and one for saving.
All you need is three re-purposed jars (anybody know what these are from?).
We saved the jars over a few months time, cleaned them up and used a label maker to make the jars. I also cut slits in the top so that the kids can slide their coins in without having to open the lids.
Our kids get coins every evening that they do their 'jobs' (chores). We let them put their coins in whichever jar - or combination of jars - that they choose.
Spending is obvious.
The saving will go into their bank account (or a special purchase)
The sharing can be used for charities (their school sponsors several throughout the year, church offering, or something else appropriate.
What tips to you have for teaching kids good stewardship?
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