Splitting Pocket Money Into Three Jars
Age 12 · Daily Life
Before spending, you decide how your pocket money will be divided between things you need, things you want, and savings. Planning first means the important things are covered and your savings keep growing.
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In the picture
- The pocket money received: the whole amount to plan before spending
- Needs jar: the biggest share, for essentials like lunch or bus fare
- Wants jar: a smaller share for fun things like a new football
- Savings jar: money put aside for later goals or emergencies
Examples
- With 20 of pocket money, you might put 10 toward school lunches, 4 toward a game, and 6 into savings.
- Saving a little each week for a month so you can buy new headphones without borrowing.
Key takeaways
- Make the plan before you spend, not after the money is gone.
- Needs come first, but always set something aside for savings.
Quiz: Splitting Pocket Money Into Three Jars (Age 12)
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When is the best time to decide how your pocket money will be split?
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When you split your pocket money, which share should usually be the biggest?
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Your needs take most of your pocket money this week. What should you still do?
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