If you’ve been reading for a while, you know that I’ve debated the topic of allowances before.
There is a part of me that believes you shouldn’t get paid to do…LIFE.
You just do it.
But…my kids could also use some lessons in money management and the fact that you can’t just go out and buy whatever the kid on the school yard has.
Now that we’ve reinstituted the chore chart, we decided to let the big kids earn allowances…but with a lesson.
Because there are strings attached.
Always will be.
Get used to it.
Mason jars with lids spray painted a fun color and some stickers I had from my scrapbooking days.
One for spending and one for saving.
But my favorite one…the one for giving.
When I was asked to review the Child to Cherish Big Ear Piggy Bank, I wasn’t really sure what to do with it at first.
I mean, it’s darling. I want to squish it’s cheeks it’s so cute. It’s all cute and round and it isn’t wearing a tiara or have baseballs painted on it. That’s always a plus. But there was only one pig. What was I going to do with one pig when I had four kids?
But then I had an idea:
While each kid gets their own mason jars…they would pool their giving money into one place.
Not only will it accumulate a little faster, but it begins the concept that it isn’t Henry’s money…or Lucy’s money…but already it’s ownership is communal.
(I think that one of the coolest things about the piggy bank is how simple it is…I’m considering painting a globe on the other side of it to illustrate how the money inside is to be given to others.)
In exchange for a fully completed chore chart, the kids will each get one dollar per week…paid out in the form of four quarters.
One quarter is required to go into each of the different “pots”.
Save, spend, give.
With the last quarter being given the option to go into the pot of their choice.
Andy made it a point to explain that the “give” option was our way of honoring God and giving to others in need.
It will ultimately be up to the kids how they choose to give the money when the time comes (maybe every 6 months?), but I think it would be fun to let them go shopping in the Compassion Christmas Catalog with their give savings.
Much to our chagrin, BOTH kids immediately chose to put their “extra” quarter into the spend jar.
Lucy hardly gave Andy a chance to finish his sentence before she quickly exclaimed she wanted to spend it.
Kinda sad how readily a three year old understood that concept.
But really, isn’t that what we all choose most of the time?
We’ll be working on that.
For now, I’m happy that we are beginning these lessons early.
Excited to help guide their decisions with that fourth quarter.
And looking forward to helping them take their jars of quarters to the bank at the end of the year and watch them freak out when they realize that they run out of quarters really quickly when they waste it on dumb stuff.
I can feel the tears and protests coming…
Do you do allowance with your kids? What do you think of pooling the give money? Who wants to paint an Earth on my piggy bank?
Disclosure: “This shop is part of a social shopper marketing insight campaign with Pollinate Media Group™. I was provided a Piggy Bank for review, but all my opinions are my own.”