In our first post in the series, we explained where money comes from, but now that you have money, where do you put it? You could put it in your shoe, but that might slow you down during gym time and pinch your toes. You could put it in your pockets, but it could be lost in the laundry. Why not make a special container that you keep in your room or other safe place?
Here are some ideas for creating a cool “bank” just for you!
- Pick a container. You’ll need to have three (3) separate chambers to keep your money divided. Use an item found at home, or buy one at the store. Here are some ideas to get you thinking: peanut butter jars, facial tissue boxes, or milk cartons.
- Decorate with style. Break out the paint, stickers, construction paper and more. Use whatever you like to give your bank style.
- Create an opening. Make a slot in the top of each chamber large enough to let your money in, but small enough that it can’t spill out. Ask an adult to help you.
- Deposit your money. Listen carefully because we have a special way of doing it. Divide the amounts equally into each of the 3 chambers—save, spend, and share. Keep reading to learn why!
When your awesome new bank is ready to store your cash and coin, start thinking about what you’ll do with your money. The options are endless, but if you try to do all of them you’ll be out of money in a flash! Plus you might not use it the best way possible. Don’t get dizzy trying to figure this out, we’ve got some tips to help you save for later so you don’t run out, get fun stuff for yourself now, and are even able to share with others.
We call this the 3-chamber method and you’re going to love it! If you’ve made your own 3-chamber bank, share it with us in the comments below — we’d love to see it.
Please visit our blog, HillsHelps.com, next Wednesday for part 3 of our 5 part series, “What Are You Saving For?” You’ll learn what to do with that money you just earned!