At the beginning of the summer we decided to teach the kids a lesson about money. Each day they were given chores to do and if the completed them each day without complaining on Friday they would be rewarded with $2.00. It doesn't sound like much but with 3 kids that translates into $6.00 a week.
We started by giving each of them three jars. We labeled one savings, one charity and one spending. Each week they divided there $2.00 as follows:
$1.00 Savings
.50 Spending
.50 Charity
What amazed me is how excited they were to see there money grow. They are all making plans for there charity which is neat to hear there plans. I have heard mention taking toys to children in the hospital or giving pet toys to an animal shelter.
Check out the following links for more great ideas about teaching your children finances and other great tips.
http://www.capitalone.com/financialeducation/cbt/launcher.htm http://blog.parentbloggers.com.
Sunday, September 14, 2008
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1 comments:
You guys are really lucky it is sooooo warm out there. It is snowing here.
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