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save, spend, share

April 15, 2012

About 6 months ago, my husband and I were looking for a way to teach our boys about money management and he came across Three Jars which is an online site made for kids 5- 13 years old.  It is so user friendly, that our 4 year old and 7 year old can log on by themselves and check their amounts!  I love that the money is “virtual” so they don’t have in their hands to spend right away and we can easily “deposit” it every week online. It has led to great talks about how much things cost versus how much they have and they have made some good decisions on waiting on purchases as a result of Three Jars.

The share jar was important to us too- our oldest son decided he wanted to donate his share amount to The American Heart Association when his school ran Jump Rope for Hearts. Neat that he had a chance to donate his own money and actively jump rope as well!

There are lots of options on how to personalize Three Jars for your kids- tying it to extra jobs around the house, working towards a goal, or even… docking their amounts when things aren’t completed that you agreed upon. We have found it really easy to use and it’s almost the first thing our boys do on Sunday mornings – “Dad! I’ve got to check my 3 Jars!”

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2 Comments leave one →
  1. Margaret permalink
    April 15, 2012 10:02 pm

    I love this idea. What percentage do you put in the three jars?

    • theconciergemom permalink*
      April 22, 2012 7:50 pm

      From the banker- aka, my husband- “the settings allows the parent/child to choose how much goes into each jar. for our kids, we chose to put 60% to save, 30% to spend and 10% to share.”

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