Ok, Readers, I’m in need of your opinions. I am wondering how you handle you kids’ money.
Our current modus operandi is: PChad gives some pocket change to the kids, the kids put it in their piggy banks, the banks get full, I empty them into a jar, I use the money in the jar to pay for school lunches, etc.
It’s our money cycle. If the kids get money as gifts, we usually use it to buy a toy/clothes/shoes for them. So far, the kids don’t get allowance, so we haven’t had to deal with that either… yet.
Here’s where you come in! How do you handle your kids’ money? Or, if you don’t have kids, how WOULD you handle it? What did your parents do when you were a kid, & did that system work?