Updated: Aug 26, 2022
Get your kids into the lifetime habit of managing money wisely with Budget Jars.
Get your kids into the lifetime habit of managing money wisely with Budget Jars. Budget Jars teach kids the skill of budgeting. The basic principle is that every time they get money, they can’t spend it all. Instead, they divide their money into categories, like giving, savings, and spending.
Each time your children receive money, have them divide it into the following four categories:
Give 10% (For tithe or charity)
Short-Term Savings 20% (For nonessential items such as candy, toys, movies, and frivolous accessories)
Long-Term Savings 20% (This is money that should go into a bank account and be saved for something big like a car or college)