Give Save Spend - Momma's Mini Money Managers


Being a good steward is a combination of Give - Save - Spend. Giving back to God and being generous with others, saving, and spending wisely. This is something we started teaching our children when they were really young.

We did this by giving them “spending money”.

Each week I would give my children $1.00. Not much, I know, but at the time they were 5 and 3. (My son was 18 months old so he didn’t participate.) They didn’t need to do chores to earn this money. My concern was money management… chipping in around the house came a little later.

I made a construction paper circle with 3 different colors. The shape was cut into ten equal pieces. HERE is a free download of a pie chart you can use.

I mixed and matched the colors so that each pie would have:

  • one piece of color #1 – representing 10% for tithe (give)
  • one piece of color #2 - representing 10% for savings (save)
  • eight pieces of color #3 - representing 80% for spending (spend)

My girls each received their own “pie” and a set of “banks”. I used plastic storage containers labels with a picture on them of:

  • church
  • piggy bank
  • toys

The payment they received was all in dimes. As I gave the kids their money they would place each coin on a piece of the pie. Once the money was divided into ten equal parts we would put the dime(s) and the pie piece(s) into the appropriate containers.

The tithe would end up in the offering plate at church. The Savings would stay in the container and accumulate, and the rest of the money was theirs to spend.

As they got older the amount money they would receive was greater. I taught them a simple way to figure out what 10%. It’s a method they still use today.

My little ones would write down the amount of money they received on a piece of paper. Then they used their finger to cover up the last number of the amount they wrote.

For example: If you get $8.00, just cover up the last digit, 0. You’re left with $.80, that 10%. If you get $5.50, $.55 goes into the tithe bucket and $.55 goes into the savings bucket.

Making change, adding and subtracting reinforced what they were already learning in school.

When my kids receive any additional money for birthdays, from relatives, lemonade stands, or doing work around the house, I walked them through the same process.

It didn’t take long before they got the hang of it.

This post is apart of a 31 Day Series on Kids & Money.

Yesterday's Post: Day 6 – Memory Verses on Stewardship