This is a wonderful way to teach your kids about money with these DIY Spend Save Give Jars. One of the values that I desperately want to teach my children before they leave the nest is how to be a wise person with their money.  I feel like the education system doesn’t do a great job of preparing kids to really understand the principles behind spending and saving.

And a high value of ours as a family is also to be a generous giver. As a parent, I do believe it is MY job to instil these principles in my kids and not the education system. Our kids earn money each week for their chores (click here to see how we handle chores) and also receive money throughout the year for their birthdays and special events.

So they have needed a tangible system of how to spend, save and give their money. So I came up with these cute personalized spend save give banks to help my kids understand these principles we are trying to install in them.


How To Make the Spend Save Give Jars

Step 1 – Find a nice box

Get hold of any box or container for the jars that you can find and sparks joy for this project. I found these cute little display boxes at Jo-Ann Fabric and Craft stores. With a hammer I knocked off the little ball on the side of the box.


Step 2 – Personalize them

Then re-glued 1.5″ wood balls with wood glue on each side.


Step 3 – Give it Color

Then I painted one coat of Home Decor Chalk onto the display box.


Step 4 – Name them for each children

Next I cut out vinyl letters on my Silhouette Cameo machine of each of my children’s names. You could also use stickers to spell out the child’s name if you don’t have a digital cutting machine.


Step 5 – Finishing touches

I painted another color of Home Decor Chalk over the entire box.


While still wet, I removed the vinyl stickers to reveal the paint color underneath.


With a damp rag I “sanded” the edges of the box to reveal the color underneath to give it some depth of color.


Step 6 – Place the Jars

Then I placed jar lid bank slot inserts onto each quilted jelly jar.


Optional: On the front of the jelly jars use a Silhouette Cameo machine to cut out vinyl stickers to spell out Spend, Save and Give.

Click here for file. You could also use stickers or a permanent marker to write on the front of them if you don’t have a digital cutting machine.


Display them somewhere prominent for the kids to see how much money they have for each category.


What is money in simple words for kids?

Try to explain in a very easy way what money is to your kids from a very early age. Something along these lines would be great:

Money is something that we use to buy things that we need or want. It can come in different forms, like paper bills or coins. People earn money by doing work or providing a service to others. We use money to pay for things like food, clothes, and other necessities of life.”

This explanation should help kids understand the basic concept of money and how it is used. They may still have questions about how money is earned, how it is used to buy things, and other related concepts, so it may be helpful to provide additional explanations and examples to help them fully understand.

How do you teach money?

There are a few different ways you can teach kids about money:

  1. Start by explaining the basic concept of money as a way to exchange goods and services, as I described above.
  2. Give kids some age-appropriate chores or tasks and offer them a small amount of money as a reward for completing the work. This can help them understand how money is earned and the value of hard work.
  3. Take kids shopping and let them handle the money and make simple purchase decisions. This can help them understand how money is used to buy things and the concept of budgeting.
  4. Use games and activities to teach kids about money. For example, you can play “store” where kids can practice making change and managing a budget.
  5. As kids get older, you can teach them more advanced concepts like saving, investing, and credit.

How do kids learn value of money?

It’s important to remember that learning about money is a gradual process, and kids will learn best when they have opportunities to practice and apply what they have learned in a hands-on way.

It is so awesome when my kids see a need in our community and they are able to give to it. It has taught them to be cheerful givers and look out for the needs of others and not just themselves.

Once money goes into a jar it doesn’t come out unless it is used for the purpose it was intended.

In the past year my kids chose to give their money to our local church, the American Heart Association, a local food pantry, an organization that helps women who can’t afford diapers and formula for their babies, and our local children’s hospital.

I can’t tell you how my heart explodes when I see my kids giving generously. If you teach them to be generous when they are young and have little to give, they will most likely grow up to be cheerful givers and be able to really make a difference in the lives of people.


And the save category is used if my kids are trying to save up for something big or if my kids choose to put a certain amount of money in the bank for a rainy day.  The spend category is an agreed upon thing and they can’t take out of their “save jar” just to spend it on something silly.

The goal is to teach them the hard work of saving up for something and learning to delay gratification and pay cash for things they want.

What tips and tricks do you use to teach your children about money?

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  1. I have been looking for something like this & I love your idea!!! Quick question: where did you find the bank slot inserts for the top of the jars? (I can’t wait to get started!! 🙂 Thanks!

  2. They are from Joann’s. If you click on the link under the materials list, it will take you directly to the item on their site. I hope that helps! 🙂

  3. Love these, Beckie, and I’m so glad to see you encouraging parents to do this! I wish we’d done this with our boys when they were little. You’re doing the right thing!!

    You might be interested in a series written by my friend, Shelly Wildman. She practiced her system with her girls when they were small and she writes about how they brought their girls up with these principles (her girls are young adults now). I know it seems spammy to leave a link here, but I think you’d resonate with this, and it might be fun for you to read about a family who has employed these principles and seen them come to fruition. You can find the series here: http://www.shellywildman.net/2015/04/how-to-teach-your-kids-about-money-when_24.html

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