A great way to instill the concepts of charity and saving is the “Give, Save, Spend” jars. The concept for the jar is quite simple, when the child gets money, whether it be birthday money, Eid gifts, allowance or hard earned money for a product or service they provided, they divide the money equally (or as close to equally as possible) three ways and put 1/3 of the portion in each jar. Simple! That’s is!
To make it easier for younger children, I like to keep a “cash drawer” which the kids can use to switch out there bills. My 6 year finds it easiest to separate the amount when she has only $1 bills. My 8 year old, on the other hand, exchanges so many bills between my cash drawer, his jars and sometimes even other kids’ jars that sometimes, I have to go back and double check to make sure he didn’t end up with extra money (or short change himself). Thankfully, he’s pretty good with math and can handle the switch quite accurately.
If the amount is unable to be equally divided, the left over money must go in to either the save or the give jar. I let the children decide which to put it in to. If the left over funds can be divided equally in to two jars, then they must put half in save and half in give.
Now, for the fun stuff. How to make these jars….
There are 2 ways to make them, both are pretty simple. The first requires a little more time and the second requires a few extra dollars
