I have been a big fan of Dave Ramsey’s for a long time. If you are unfamiliar with Dave Ramsey, he is an author, speaker and radio host that helps people get out of debt and manage their money in smart ways. Ramsey thinks that kids should be taught about money at a young age and I agree. One of the ways he recommends to do this is to have Spend, Save, Give banks which kids can use to intentionally manage their money. Spend, Save, Give Jars are easy to make and will teach your kids important lessons about money. Don’t forget kids can also learn about money with this Counting Coins activity.
Dave Ramsey outlines the details of money lessons for kids in his Financial Peace Junior program, which we own. The program comes with zipped spend, save, give pouches where kids can put their money, but since I have three kids I needed more than the one set that came with the program. I decided to make my own banks using mason jars. You can really use any kind of container to make these banks, but I love mason jars because they are see through and can be easily opened to remove the money. They are made of glass, so you need to be careful with the age child you give these to.
You will need:
- 3 pint sized mason jars
- Permanent marker
- Mason jar slotted lid inserts
- Puffy paint
[…] parents love the lessons contained in this simple money management system. This is how it works: Their allowance and gifts of money are split into three pots. One-third is […]