At nearly six years old, we decided it's time for Waverly to understand earning and spending money.
Each week, if she completes her "chores" (i.e., bringing her dish from the table to the sink), she'll earn a small allowance delivered in coins. With that allowance, she can choose to divide it into SAVE, GIVE and SPEND jars.
We explained the concept of GIVE to her and she decided that when the jar was full, she'd use the money to buy groceries for our local food pantry. I found it important at her age to offer tangible giving options to so she can see immediate results of her charity. Buying a book and donating it to the library was another tangible option.
Let's face it: we could all use SAVE, GIVE and SPEND jars no matter what our age. Get started and click here to download a FREE printable sharing these jar tags. Happy coin collecting!