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Here’s a method you can use to teach your kids about saving in a fun way.
It’s called the MONEY JAR.
To see how this works, let’s use $20.00 as an example that your child just received.
Take 4 different jars and label them one for charity, one for college, one for long term savings, and one for spending. Let’s take $20 as an example.
The breakdown of the jar is as follows: 10% to charity ($2), 20% to college fund ($4), 20% to long term savings like a bike ($4), and then 50% (so $10) spending money for things like food, movies, etc.
This method teaches them how to do their banking, be accountable for their purchases, and learn how much they should spend versus save.
Try money jar with your kids today and click the link below to learn how to establish, instill, and support the mindset for your young ones to become empowered entrepreneurs.
Cultivate your child's money mindset and teach them to start their own business, click here for more information: https://legadofamily.com/how-to-raise-non-entitled-children/
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