Comments on: piggy banks… http://melissathemouth.com/2010/03/piggy-banks/ Fri, 04 May 2012 17:21:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: ~M http://melissathemouth.com/2010/03/piggy-banks/comment-page-1/#comment-3562 ~M Fri, 12 Mar 2010 00:10:41 +0000 http://melissathemouth.com/2010/02/piggy-banks/#comment-3562 We do the chore chart and spend/save/give piggy banks based on this post from Simplemom.net (you turned me on to this blog, btw, so thanks!): http://simplemom.net/chore-chart-for-preschoolers/ We got our banks from the Container Store: http://www.containerstore.com/shop/collections/banks?productId=10005788 (one in each color for each kiddo, though Milla isn't using hers yet). Similiar idea, I think. We haven't really put the save and give concepts in action, but the money is in there! We do the chore chart and spend/save/give piggy banks based on this post from Simplemom.net (you turned me on to this blog, btw, so thanks!): http://simplemom.net/chore-chart-for-preschoolers/
We got our banks from the Container Store: http://www.containerstore.com/shop/collections/banks?productId=10005788 (one in each color for each kiddo, though Milla isn’t using hers yet). Similiar idea, I think. We haven’t really put the save and give concepts in action, but the money is in there!

]]> By: debbie http://melissathemouth.com/2010/03/piggy-banks/comment-page-1/#comment-3559 debbie Thu, 11 Mar 2010 00:00:10 +0000 http://melissathemouth.com/2010/02/piggy-banks/#comment-3559 We started giving the girls an allowance a year ago. They are five and ten years old. They get fifty cents per year of age/week. So the five year old gets two-fifty and the ten year old gets five dollars a week. We made a "bank account" on an excel spreadsheet and we keep track of the totals. We only give them money when they are going to buy something. By the way, they buy all their own toys, etc. They have bought their own American Girl dolls, Nintendo DS, games, accessories, etc. We buy stuff at Christmas and Birthdays, and that's it. When they ask if they can have something we say "Sure, do you have enough money in the Bank of Dad?" If there is something that they want that is pricey-- they are willing to do extra chores to earn money. And if relatives ask what they would like for christmas or birthdays, my girls have said I'm saving for an American Girl doll, and they've received money and gift cards/certificates to help them towards their goal. This system has brought a lot of peace to our family and has made our girls more responsible about money. Now when I see an expensive toy on the floor I don't care half as much because I have a much smaller investment! We started giving the girls an allowance a year ago. They are five and ten years old. They get fifty cents per year of age/week. So the five year old gets two-fifty and the ten year old gets five dollars a week.

We made a “bank account” on an excel spreadsheet and we keep track of the totals. We only give them money when they are going to buy something. By the way, they buy all their own toys, etc. They have bought their own American Girl dolls, Nintendo DS, games, accessories, etc. We buy stuff at Christmas and Birthdays, and that’s it. When they ask if they can have something we say “Sure, do you have enough money in the Bank of Dad?”

If there is something that they want that is pricey– they are willing to do extra chores to earn money. And if relatives ask what they would like for christmas or birthdays, my girls have said I’m saving for an American Girl doll, and they’ve received money and gift cards/certificates to help them towards their goal. This system has brought a lot of peace to our family and has made our girls more responsible about money.

Now when I see an expensive toy on the floor I don’t care half as much because I have a much smaller investment!

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