Thursday, March 5, 2015

Allowance for Kids

This week we decided that we would start an allowance for the kids.  This will allow them to understand the importance of savings and also learn how to count money.  The amount they receive will be determined by the age they are.  My son is six, so he will receive 6.00 a week.  My daughter will be 4 in a May, so we will give her 4.00 a week.  We used mason jars and spray painted the jars with chalk board spray paint and let them use chalk markers to decorate the jars.  So, the goal is to not spend our money on toys for them, but to let them start making the decision about if they should save or spend.  Also, they will have to give towards church too!! The kids are very excited about their money jars and we are too!!

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