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October 12, 2005

Tooth Fairy and an Allowance

The tooth fairy has made two visits to our home in the the past few weeks. She was pretty generous to leave 3 Sacagawea dollars for Henry each time. But those first two bottom baby teeth are pretty special. She also knew that she had to leave an amount that was divisible by three. The bulk of the money the boys receive gets divided into thirds: a third for each spend, share and save. (I did let Henry put most of his birthday money in spend with a little going toward savings)

The boys also now get an allowance every week. They don't have to do to much to earn it- just the things I ask them to do: pick up their toys, put their laundry in their drawers and other small jobs here and there. Once their savings portion gets big enough they can open a bank account and at the end of the year they get to decide where to donate their sharing money. Right now they are both leaning towards giving it to the firefighters.

moonjar.jpg

Posted by Julee at October 12, 2005 10:18 PM

Comments

Where did you get that cool bank? How awesome!

Posted by: drublood at October 13, 2005 02:23 PM

I like the spend/save/share ... great idea!!

Posted by: Lisa at October 13, 2005 08:39 PM

That is really great for them to learn such good money practices- love the moonjar too.

Posted by: Yolanda at October 13, 2005 10:06 PM