I came across this idea on another website - "meckmom.com". It looked cool, so I tried it and it has been working wonderfully. I definitely recommend this to any parent who has the same problem as me.
I got a binder.

I bought a pencil case for each child to put their money in.

I made up a record sheet so that each child can keep track of their monies.

I had to be willing to get out the binder whenever the kids wanted to use their money, that way, they felt that they had some control over their money. I think because of that, this idea has worked. I try to get them to fill out the sheet whenever their are taking or depositing money. When they save up so much money, then I will take them to the bank to deposit their money.
Next task ----- BUDGETING (cue the scary music).
great idea!
ReplyDeletehaha, that's such a cool idea Malie, I think I wanna try that when my kids get older (so cute).
ReplyDeletethat is a great idea, might use it when mine are a little older. I would have to adapt it for coins though - we have coins for $1 and $2.
ReplyDeletewhat a great idea!! I know what my next project will be. Thanks for sharing so I can steal the idea from you! ;)
ReplyDelete