The Share jar. There it stands. Alone. In The Money Mammals’ three-jar system, which goes along with our “We’ll Share & Save & Spend Smart” mantra, the Share jar can sometimes feel like a black sheep.
I suppose it depends on with which side of the food chain you empathize. Unless you are raising the next Mother Theresa, you’ll typically find that the Save and Spend jars tend to get far more attention when teaching financial education to your kids. Here are three ways to make that Share jar more meaningful:
Of course, adding a little extra math is never a bad thing. We’re a little more practical (ok, maybe just lazy) in our house, so we just say one of the eight dollars MUST go in the Share jar. Once again, this emphasizes the importance of automating money behaviors. (Of course, if you feel eight is too many dollars for your eight- or nine-year-old’s allowance, it’s your prerogative to reduce the amount.)
“Make sure that your child puts some amount into the jar every week.”
But when your kids see your doing pro bono work in the community, they’ll get that it’s all about the village. This is particularly true if they see your enjoying those efforts. It’s cliché because it’s true: Kids do what you do, not what you say.
Of course, if you are part of a religious institution, that’s another good place to donate Share jar funds. You can even go online and search for a meaningful charity with your kids. Thanksgiving and #givingtuesday may have passed, but now is as good a time as any to help bring that Share jar out of hiding. Here are just a few of the organizations that we think are terrific: