But we also decided this would be a great time to start teaching them about money. If they complete their chores everyday for a week, they each get a $1 allowance. Jack and I were going to get some banks that we had seen before that were divided into three sections- spend, save and give. But, man, those banks are expensive! So, we went to Michael's and decided to make our own banks. It took our two heads put together, but we really like the end result. We bought clear cylinders that resemble paint cans. We used cardstock to create the three sections and let the boys decorate each section. And then with some hot glue and a little finagling we got the sections into the cans. Then Jack used his chisel to make the bank holes in the top of each section. The boys have loved it! Every week they put 10 cents into save, 10 cents into give and 80 cents into spend. At the end of the month they will give their giving section as a tithe at church and we will take the spending section to the store for their spending pleasure! Once the savings add up to more then we'll take that to the real bank. I am really proud of how the banks turned out and how helpful my boys are being around the house.
Now, before you say there sure is a lot of money in those spend sections- we got the banks finished just as some Valentine's Cards arrived in the mail from both sets of grandparents with a little monetary treat in them. The boys couldn't wait to put the money in their banks!