• Home
  • About
    • Contact Me
  • Privacy Policy
  • PR OK
    • Sponsorship Opportunities
  • My Connections
  • Easy Recipes

The Mom Maven

Tales, Tastes & Travels

  • Reviews
  • Giveaways
  • Entertainment
  • Disney
    • Mouse House Memories
  • Travel
    • Florida Attractions
      • Adventure Island
      • Aquatica
      • Busch Gardens
      • Discovery Cove
      • Disney
      • Legoland Florida
      • SeaWorld
      • Universal
    • United States
    • International
    • Cruising
  • Faith
  • Parenting
  • Blogging
  • Wedding
You are here: Home / Parenting / Chores / Three Jars Helping Manage Your Child’s Money

Three Jars Helping Manage Your Child’s Money

This article may include a provided product or affiliate link. See footer for full details.”

August 18, 2011 by cindy 7 Comments

Tweet

In the past when I have written about chores I always get questions about allowances and paying for chores too. Whether you pay for chores or give your kids allowances or not, all kids must learn to manage their money wisely-as soon as they start getting money. When my kids were babies we got them divided banks that had 4 sections long term savings, short term savings, spend and tithes & offerings. Every time they got money we went to the bank and divided it up 15% in tithes and offerings 35% in long term savings at The Children’s ISA, 30% in short term savings and 20% in spending. This made it easy for my kids to learn at an early age to set financial goals and contribute to them regularly as well as managing their weekly spending.

That was16 years ago now there is Three Jars, a financial website for families. The concept is similar to our old divided banks; you have 3 jars-spend, save and share. Parents organize the jars and how much goes into each jar. You can set up chores and special projects for payments too. There is a secure website for the kids to use to manage their money and every change or transaction must be approved by the parent.

My one caution with Three Jars is to make sure you are setting the money aside for each child. Whether you have a separate bank account to keep the money in or if it is in an envelope in your family safe, make sure the money is available. When your child wants to withdraw some of their money, the answer can never be…”We don’t have that much right now.” I have seen this happen time and again with parents who promise allowance or payment for chores and then when payday arrives they can’t pay their kids. Please don’t do this to your kids, you need to be fiscally responsible too.

You can start a FREE 2 week trial of Three Jars by clicking the link. Will this be handy for your family??

Filed Under: Chores, Parenting Tagged With: allowance, Fiscal responsibility, kids and money, money management

About cindy

I'm Cindy aka TheMomMaven. I'm a happily married empty nester living in Tampa Bay. I love all things Disney and I blog about easy recipes, family travel, family entertainement as well as product reviews and giveaways.

Comments

  1. simply heidi says

    August 19, 2011 at 7:16 pm

    I’m all for paying allowance and giving opportunities to earn more. The only requirement I have is that 10% goes to the church. My daughter is a pretty good saver, but this could be are really good tracker.
    I’ve got a link party about allowance going on. I’d love it if you linked up this post.
    Thanks!
    simply heidi recently posted..Family Work: Allowance, to Pay or Not to PayMy Profile

    Reply
  2. Lisa says

    August 23, 2011 at 5:30 pm

    This sounds pretty cool. I’m going to have to check it out.

    Reply
  3. Lindsay says

    August 23, 2011 at 8:40 pm

    Wow! What a wonderful tool. Looks very nice!
    Lindsay recently posted..Safari Towels #GiveawayMy Profile

    Reply
  4. Shanaka says

    August 25, 2011 at 10:36 am

    My sons have piggy banks but they dont get to just spend whatever they have in there. I need to look more into the 3 jars. Thanks!
    Shanaka recently posted..Food Lion #Coupon Deals 8/24-8/30My Profile

    Reply
  5. ConnieFoggles says

    August 28, 2011 at 2:38 am

    The online sites make it easier to manage and keep track of so many things. Children’s money is a tough one to do. I can use all the help I can get.
    ConnieFoggles recently posted..Clue Harry Potter and the Deathly Hallows EditionMy Profile

    Reply
  6. pammypam says

    September 4, 2011 at 5:19 pm

    i love that idea!!
    pammypam recently posted..Preschool, the UK and TrifleMy Profile

    Reply
  7. Kelli says

    September 9, 2011 at 11:50 pm

    Awesome! Thanks for this. I’ll go check it out.
    Kelli recently posted..Review: Tao of MotherhoodMy Profile

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




CommentLuv badgeShow more posts

You can add a link to follow you on twitter if you put your username in this box.
Only needs to be added once. No http or @

Search this site

Join Me Around the Web

  • RSS
  • Pinterest
  • Instagram
  • facebook
  • twitter
  • youtube

Popular Posts

Disclosure Policy

This policy is valid from 02 April 2009. This blog is a personal blog written and edited by me. For questions about this blog, please contact info@themommaven.com. This blog accepts forms of cash advertising, sponsorship, paid insertions or other forms of compensation. The owner(s) of this blog is compensated to provide opinion on products, services, websites and various other topics. Even though the owner(s) of this blog receives compensation for our posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products. The views and opinions expressed on this blog are purely the bloggers' own. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question. This blog does contain content which might present a conflict of interest. This content will always be identified. To get your own policy, go to http://www.disclosurepolicy.org

Creative Commons License
This work by Cindy Schultz is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.


BlogWithIntegrity.com