The Allowance Jars and the Book Fair

I have been doing “allowance jars” with my kids (ages 10 and 7) for years. They each have three jars: Spend, Save, and Give. They earn one dollar per week for every year of their age, so on their birthdays, they get a raise. One dollar must go in Give, but the rest is up to them.

I opened savings accounts for both, but taking the money to the bank was a hassle. When they were younger and didn’t earn…