This is a great way to start teaching kids about money. We are planning to give Ella $1 every week. She will then decide whether to spend, donate, invest or save it. Albeit, these are fairly mature concepts to grasp, but it's a nice way to start talking about money and hopefully instill good habits and life skills moving into adulthood. The other challenge..how to compartmentalize the four ( in a toddler friendly way). Here is how we did it...


Here's another website with some great ideas!
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