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Three Jar Savings

We've all grown up with the tried and true ways of giving allowance; fifty cents for an "A", maybe a dollar for doing the dishes. Now there are more modern ways to give the kids a true understanding of the value of money.







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 computer-generated transcript - may not be 100% accurate

" We've all grown up with the tried and true ways of giving allowance you know the 150 cents for an AA may -- a dollar for doing the dishes but. Now it's more modern waste to give the kids that your understanding of the value of money Rihanna met up with one web site creator that's showing children and parents how easy saving money can."

" Today's economy means that more parents are taking their finances seriously and that means including the kids as well today we have in -- not make here is the founder of three jars dot com. And also the other six. Kids wow. Three cars -- Condit is actually a system that lets kids track can use her money."

" That's exactly right tragic -- as well. The -- it was really -- expect back with the need to pay our children allowance we felt it was very important that they learn how to manage money responsibly. So that's what our site does this an on line -- tool it's safe it's fun we make it very easy to keep all the family's finances organized in one spot. Most importantly to instill healthy have missing kids while they're still in the next yeah and three -- talk about that you are unsafe three. Ways to save her money that's right so what now the name represents a child save jarrah -- jar and a share jar. So what happens -- if you go to three jars -- com and sign up parent establish a parallel accounts for the kids. They very easily and quickly can decide how much allows to pay their kids how much -- a lot to each of the jars. And maybe upload a photo of the kids for example and then a way they go -- banking account I love that that's exactly right so let's o'clock eastern to chat. Practice makes perfect life. It's very important we take it for granted as adults that kids need to practice -- sports or the instruments that they're gonna be great athletes or musicians they have to practice money too before they leave the family NASA if we expect them. To have healthy money habits when the route on the -- and and -- don't go crazy right out of college that's exactly right okay next we have embraced technology. The Internet can finally stand for something good kids can through the Internet getting graphical representation of all of their money like they've not been able to have a before a whole picture of their money and how saving and spending and even sharing can interact. And when they see that picture -- kind of clicks for them. The other thing that you can do through technology and through the three jars mechanism is Taylor allowance. To match your child's personality so so why have a spender about my three oldest one's a spender when the -- one's -- believe it or not. What I do with my spender for example put 60% -- the age -- thirty into the spending ten into the share. Ten to tailor the allowance to your exact personality and that's really what -- already have it's going okay in Alaska say said. Allowance be tied to who is one of those ethical this year if -- you know there's thirteen million families in America the pay allows. I suggest separate allowance ensures we're doing our kids a disservice those -- and the reason for that is is allowed to such an important issue. To teach kids how to be responsible with money and they learn how to be responsible with by practicing money. Yeah I said don't tied into the tour that's exactly right can have privileges Internet privileges that's a better way to make sure the garbage is taken --"

" Okay thinking so much in time theory here is dot com. Teach your kids how to save spend and share money at -- check out region are saving us by heading to better TV dot com and clicking on the link."

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