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Kids spending money.... what do you do?

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  • BullDozier
    BullDozier Posts: 237 Member
    We do one to spend, one to save, one to give. So their spending money is just that, they have a portion they keep saved and another that they donate to whatever charity they'd like.
    We do this as well (we call it spend, save, and share).

    They each get an allowance and a certain percentage goes into each bucket. The save bucket they have to pick ahead of time what they are saving for to teach them delayed gratification. The spend bucket they can blow on whatever impulse purchase they want to make. Share goes to charity.
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