|5-6 weeks worth of change|
Here's how you do it: The only rules are that you live off of cash ONLY, and that you DON'T spend the change you accrue. That's it! We have set up an easy-to-use system that works wonders for us. We put a jar in a safe, hidden, and easy to get to, spot. Everyday, we empty our pockets, wallets, and bags of change, and put it into the jar. When the jar is full (it usually takes us a month to six weeks), we count it, sort it into three even piles of change, and disperse the funds into two piggy banks (for the boys), and the last third into a large container which will be our future vacation fund. When the piggy banks get full, we take them to the bank and deposit the money into our sons' bank accounts.
|Sorting and counting|
It's also a great way to teach our boys about money, budgeting, planning, monetary values, counting, etc. We have made sure that Liam has been a part of every step in this. He helps us empty our pockets, puts the money in the jar, counts the money, puts it into the various banks, and helps us take the piggy banks into the bank when the time comes. I know he's learning great lessons, and so are we.
|Depositing the $ into the "bank"|