For Works for Me Wednesday today I wanted to share these great banks we found for teaching our 5 and 6 year-old-daughters how to manage money. They earn five quarters on Saturday after completing their assigned jobs for the week. These banks are sturdy, cute, and perfect for teaching them the financial values that we have as a family.
Here's a picture of the banks and a link to where to find them: (You can find them other places, but this was the best value that we could find) http://www.christianbook.com/Christian/Books/product?item_no=502702&event=CFN
The banks are transparent and have three separate compartments. This is nice for seeing how much is in each category at a glance. The money slots are in each of the three roof lines of the bank, store, and church. The money is removed from the bottom of each compartment.
I've been thankful for different resources to teach our kids how to deal with money. I recently watched an Oprah episode that broke my heart. She interviewed the director and a homeless man that were part of a documentary where the homeless man was given $100,000 cash as a social experiment. The cameras followed him and documented what he did with the money. The man blew all the $100,000 because he didn't know how to manage it. He also was taken advantage of by people, betrayed by friends, and married a woman who left him as soon as the money was gone. He had thought that it was a never ending amount of money and that it would solve all of his problems. He ended up right back where he started, but now he was also disheartened, and ashamed. It was awful. The show left me with a desire to make sure that my children grow up knowing how to be good stewards and managers of the finances God blesses them with. It also left me heartbroken for a man who realized the emptiness of wealth. He needed Jesus to heal his heart, not $100,000 cash. It was a heart wrenching show to watch, and I want a different reality for my kids.
Stop by Rocks in My Dryer for more Works for Me Wednesday Tips.