Harry (age 6.5), Sophie (age 4.5) and I started out by reviewing the different things we might spend money on. Clothes, food and toys were naturals. I added “Give” and “Save”, and we talked about what each of those meant.Sophie was eager to share her definition of “save”: “it’s like putting your money in a safe place, like high on a shelf or locked up in a bank, where a robber (or your brother) can’t get it.” It took a little more prodding, and some explanation from her older brother, to get across the idea of Save, in contrast to Spend.
This was a really fun little exercise for all of us, and an activity that I think they will remember – in case I need to remind them on our next trip to Target!
I was also encouraged by their openness to the idea of Saving and Giving, and love the idea of creating 3 jars – Save, Give, Spend – to help them think about this more often. (I got some cute tag printables from Good Gravy Designs.)