The Monkey & Chops High Rise Spend Share Save Money Box system teaches kids the basics of financial literacy.

Providing children with the financial skills to navigate their world and encouraging financial independence from a young age, may be the most important life lessons of all. 

The solid metal money towers will stand the test of time, with windows to watch their money grow and removable lids so kids have easy access to their own money for daily learning opportunities.

The included ledger card allows kids to set financial goals, record the movement of money in and out of each tower and keep up-to-date with their personal finances.

The perfect accompaniment to the Monkey & Chops Pocket Money Maths chart, the High-Rise Spend-Share-Save Money Box system provides a meaningful place for kids to stash their weekly takings as they learn the basics of financial planning.

Children are encouraged to allocate their weekly pocket money into:

Spend – this is the money to spend on day-to-day fun

Share – this is the money to put aside and donate to a great cause or to help someone in need

Save – this is the money to put away and save up for a big item.

This simple process develops money management skills whilst promoting goal setting, sound savings habits and social awareness all in one highly useful and educational product that kids will love.

How to use the Monkey & Chops High Rise Spend Share Save

Open the ledger card and encourage your child to choose which tower they will allocate to SPEND, which tower to SHARE and which to SAVE. We recommend using the largest tower as the savings tower to encourage long-term savings habits.

Label each tower Spend, Share or Save. Ask your child to think about what they might like to Save for so they can add the value of the goal to the target box. The ‘Share’ tower can also have a target value at which point they might like to buy a gift for a friend or give something to someone in need. The ‘Spend’ pot may or may not need a target, depending on how your child wants to use their day-to-day spending money, alternatively, it might be mimimal limit beyond which they will not spend any further and instead always hold just a little in reserve for a rainy day.

As soon as money is added or taken out of each tower, the corresponding ledger card should be filled in. By doing this they will always know how much money they have in each tower and how much more they need to earn to reach their targets. They can then make informed decisions about their spending.

Kids can easily remove the lids of each tower to access their money to spend on day to day treats, or they may choose to save it until they reach their target. They will quickly learn that when their money is all gone, they need to work hard to earn more to reach their goals.

These are great lessons for kids. The value of making lots of mistakes with their money now will ensure their financial awareness and understanding grows as they do.

An excellent tool for engaging children in the management of their own money, we do hope your kids enjoy using this money box system as much as ours! Click here to order one for your child now!