Reddit Reddit reviews Moonjar Classic Save Spend Share 3-Part Tin Moneybox Bank

We found 3 Reddit comments about Moonjar Classic Save Spend Share 3-Part Tin Moneybox Bank. Here are the top ones, ranked by their Reddit score.

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Kids' Money Banks
Moonjar Classic Save Spend Share 3-Part Tin Moneybox Bank
Multiple award winning bank with 3 tin canisters. Each canister has either save, spend, or share on the side.Each canister measures 5.25 " tall. When held together be the included rubber band the set measure 5" wide x 5" long.Moneybox includes a paper passbook with sections for kids to indicate what they deposited and withdrew from each of the save, spend, and share canisters. A great help to learning math too.Each canister has a color coordinated acrylic lid with a money slot measuring 1.5" long and 5/16". Kids can easily deposit coins and folded bills.The Family Guide booklet provides advice and ideas that encourage lifelong financial responsibility and learning.
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3 Reddit comments about Moonjar Classic Save Spend Share 3-Part Tin Moneybox Bank:

u/barnetto · 14 pointsr/Parenting

The first thing I notice about this is that a great deal of your kid's spending money comes out of your allowance. That seems grossly unfair to you and you're going to take it personally when your kid acts like a kid and loses things.

I would recommend your husband and you go back to the budget and take what seems like a reasonable amount out of both your spending money for your daughter.

Secondly, something you might consider doing is cutting the tie between chores and allowance and increasing the size of her allowance to the amount you actually spend on her on non-necessary items.

Because how much money does she have right now? It sounds like none. So she won't stop asking you to buy things for her and she's not learning how to spend and budget herself because she has no money. There will time in the future for her to learn how to earn money. But right now it sounds like you're trying to teach her to value money and it isn't working because she has none and she doesn't have an idea of the limits of how much you have.

The grandparents can do what they want. That is in their budget. Edit: And you can switch to telling your daughter, "That's not in our budget. Did you spend all of your money/bring your money?"

Consider getting daughter a moonjar to more explicitly teacher her the concepts of save, spend, and charity.

I have no advice on the chore chart. :(

I like my research on finances for my still-too-young daughter, but I think chores are going to be more of a theory-trial-error process for me. It'll be a little while before I see how my first theory stacks up. But I think the financial stuff would have worked very well on me when I was a child. My mom would forget to give us our allowances most of the time even when we did chores :(

Edit: Most of my financial theory/advice comes from Ron Lieber's book, "The opposite of spoiled".

u/xmasshole · 1 pointr/Parenting

Hah, that was me - thanks for your reply! I re-read my comment and wasn't sure whether my tone sounded unintentionally bitter, and since I didn't intend that tone and didn't want to start a fight I deleted it.

I think teaching voluntary saving is really important. Here's some more info on Share, Save, Spend. There are some banks you can buy or of course can make your own. I'm an advocate of having kids make their own when possible, to get them more invested in it.

To me, the 'save' there is not just for college or a first car but the first lesson to be taught is saving for a 'big' toy they want. Not to rely on Mom and Dad (or worse, Santa) to buy the big stuff, but to learn to save up for it. Mom and Dad can help by doing matching or other negotiated incentives if they want. But, from a conservative standpoint, I think teaching some age-appropriate degree of financial self-sufficiency is a good base starting point for the more complex things to be taught later.

At an age appropriate time, you can also build in critical thinking lessons by having them research charity efficiency for what charities might receive their 'give' donations.

u/wanderer333 · 1 pointr/Parenting

If they get an allowance, try using piggy banks that divide up spending vs. saving vs. donating to charity (such as this one or this one) and discuss with them how they want to split their money.

Lemonade stands are a great way to learn about money -- how much you need to invest up front for supplies (although for younger kids this can just be a "donation" from Mom and Dad), how to price your product so people will buy it, keeping track of your earnings, etc. You can also encourage them to donate half or all of the proceeds to a charity, to support a cause they care about -- I remember having lemonade stands for a local animal shelter as a kid and feeling so proud when I got to go deliver our donation.

Depending on their ages, you might also check out some simple financial literacy books and stories that involve saving money. For younger kids, Needs and Wants or Lily Learns about Wants and Needs look good; for elementary-age kids try Do I Need It or Do I Want It?: Making Budget Choices; and for upper elementary to middle school kids there's The Everything Kids' Money Book. In terms of stories that involve money, check out Alexander, Who Used to Be Rich Last Sunday and The Berenstain Bears' Trouble with Money.