Get rid of the piggy bank. Three jars will teach your kids more about money than school ever will.

Get rid of the piggy bank. Three jars will teach your kids more about money than school ever will. Get rid of the piggy bank. Three jars will teach your kids more about money than school ever will. Here's the problem with the piggy bank. And I say this as a guy who had one. It has one slot and one lesson. Money goes in, money sits. And the only skill that's being built is the skill of keeping. And nobody ever got wealthy from just keeping. So in our house, money that comes in, gets three jars. Money that comes in gets split up. And they do the splitting. That part matters because your hands on their money teaches them nothing. Watch what each jar builds over a year. The spend jar, it teaches choices. Because it runs out. And then the consequences are theirs. The save jar, it teaches patience. Because the bike takes four months. And four months is an eternity for a kid. And the day they buy it with their own money, the look on their face is worth way more than the bike. And the give jar. It teaches the one thing that almost no adult learns: money is also for other people. And deciding who gets your help is a skill. Three jars, a few bucks a week. You're not organizing their money, you're building the adult who handles it. The spend jar teaches choices. Because it runs out. And then the consequences are theirs. The save jar teaches patience. Because the bike takes four months. And four months is an eternity for a kid. And the day they buy it with their own money, the look on their face is worth way more than the bike. And the give jar. It teaches the one thing that almost no adult learns: money is also for other people. And deciding who gets your help is a skill. Three jars, a few bucks a week. You're not organizing their money, you're building the adult who handles it. The give jar teaches the one thing that almost no adult learns: money is also for other people. And deciding who gets your help is a skill.