This is a sponsored post for SheSpeaks/Beth Kobliner.
I think as parents we all want our children to be better than we are. Better people, have better jobs, be better with money, but it is really important for us to be setting that ground work now while they are young. With our 8-year-old just starting to earn allowance, I wanted to teach her basic principles to help her being money savvy as she got older. I picked up Make Your Kid A Money Genius (Even If You're Not) by Beth Kobliner and it was the perfect jumping point to help me know what I should cover and what I should leave out when talking to my kids.
I loved the layout of this book because it breaks down all of the different categories by age. It lets you know how to help your college age kids save, how to help your high school aged, your elementary aged and even your preschoolers. When I first started reading the book I was looking for ideas for my 8-year-old, not my almost three-year-old but I found great tips for laying a good foundation for my preschooler as well. This book teaches you age appropriate lessons to prepare you children for the real world without upsetting them about money issues mom and dad may be having.
For this project you will need:
- three piggy banks or jars (I found mine at the dollar store!)
- transfer tape
- a way to cut the vinyl
My local dollar store always seems to have a selection of piggy banks, so it is a great place to grab them. Jars or any other containers will work too. Kobliner suggest finding opaque containers to make dipping into the saving or serving jar a little less tempting.
Find a bright color of vinyl to stand out on each jar and cut them out, I used my Cricut to cut three labels, spending, serving and saving. Using transfer tape, transfer the vinyl from the backing to the the piggy banks.
After you have your piggy banks ready to go, come up with something that works for your family for us, we use the 10% rule. Every time one of my daughters earns some money, 10% automatically goes into saving and another 10% automatically goes into serving. If she wants to add more to her saving jar, I will match anything she does on top of the 10%. This gives her an incentive to save more of her money without feeling like we are forcing her to save.