I came across this idea surfing the great big interweb recently. Saving money in a jar – nothing new there I hear you say, but there’s a difference….
The amount of money I put in each week matches the week number that we are on in the year. For example, I will start next week which will be Week 1, so I’ll put €1 in the jar. Week 2 will be €2 and so on until Week 52 and yes, that week will be the costliest at €52. If I do this I will have over €1300 in the jar by the end of the year. Nice?
Now, I can hear you saying many things….
1. Cool idea – yes I agree.
2. I am sensible Fiona. I have savings and don’t need to resort to a jar – well go you! However, not everyone is this diligent and motivated (me for one). It’s a bit like the New year’s resolution to get fit – the more fun it is the better and I think this is a fun way to kickstart a savings plan.
3. That’s fine for early in the year, but it’s a bit steep towards the end of the year – fair enough, I have used euros for this plan, but you can use 10c, 20c or 50c instead if it’s easier.
I created my own template to stick on the jar – now maths is not my strong point, so if you decide to check my figures, honestly there’s no need to post comments pointing out the errors (this is directed at my friends!!).
Whether you use 10c or €1 to kickstart the savings jar, I think this is a fun way to get children thinking about the advantages of saving.
Each week cross off the week number after you have put the money in the jar. The great thing about sticking the spreadsheet to the jar is that the children (and you) can see how much money you are accruing in the jar each week.
By December, this jar should be pretty full….
So what do you think? Would you do it? I can’t wait to get started so roll on Monday January 7th…..