This is a sponsored post on behalf of Scholarshare.
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My kids have two separate piggy banks. At the beginning of the year, we have been working on chores, responsibility and rewards. Aries at the age of 5 is at that stage where she now understands and absorbs anything she learns. It is time for her to understand chores, saving up money and being responsible with her actions. We have already talked about college and how expensive it can be. Saving for college is also something we talked about.
Aries is 5 years old and knows that her only chore is to pick up after herself. She is very excited to save money and often asks me for extra chores to save more money on her piggy bank. Although, I don’t always let her clean her room, I give her a little broom and let her sweep for any trash, she loves it. Aries even loves and insists to help out with loading a washing machine, adding soap and pushing the buttons but her favorite thing to help out is washing dishes because it involves water.
For every chore she managed to accomplished, she will receive money to save on her piggy bank and it’s usually $1- $10 dollars. We counted her money in her piggy bank the other day and she has saved over $850 dollars, that includes rewards for chores, birthday cash, and spare change we have in our pockets.
We are probably letting her save more money, or spend some of it on one toy she has on her wish list. Aries has asked us for a small piano, so she is probably letting her buy that.
After telling her how much her piano was going to cost her, she said the remaining she wants to save it for college. I just hope later when she grows up, she has the same enthusiasm of going to college. Saving for college is our responsibility and for that we rely on Scholarshare 520 Savings Plan. Learn more about it on our last post here.
