Our children are really impressing me these days. Was it one or two years ago? (Babe, help me out here, you know I am time blind.) Anyway, I cannot remember if it has been two years or one year.
Regardless, at some time in the recent past, Leanne implemented an allowance program with our daughters. They get their money in thirds, designated as Give, Save, Spend. Our oldest girls have totally impressed me, each saving several hundred dollars that they now have in a savings account.
As I've observed our girls, they are excited to save up their Spend money, too. They often claim they are saving it for some big purchase down the road. But not infrequently their desires change. One month they are saving for a doll. The next month they are saving for some toy. What I appreciate, though, is that they've developed the discipline of saving. They might reconsider what they are saving for, but they don't reconsider the act of saving. (I recognize that is partly because we have been making them save. And I understand that this discipline can easily disappear if not nurtured regularly. But I'm proud of their attitude. Saving is becoming part of what they want to do.)
A quick note on giving. We pretty much allow them to decide how they will use their Give money. I know some parents who do the Give, Save, Spend thing make their children give to church or some charity of the parent's choosing. What we do is to make suggestions. But they get the final say. This is part of treating children respectfully, I think. Help them make good decisions, but don't control their choices. I like giving them this freedom, too, because children are creative and generous. Our kids have come up with some cool ideas on where and how to give that I would not have thought up on my own.



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