This is a fun project that solves multiple problems. It teaches your child that discipline is the key to financial success. It also is a great way to keep your loose change off the floor and out of the dryer. Finally it is a good green use for your gallon milk containers.
Things You Will Need
Step 1Wash both gallon milk containers with soap and hot water and thoroughly rinse.
Dry containers. you may want to let them sit out in the sun for a few hours. Just make sure they are completely dry.
Step 3Apply a few drops of Super glue to the caps and screw on the caps.
Step 4Cut a small slot (big enough for a quarter) in the top side of the containers. Use a sharp knife or Exacto. Be sure to hold the blade facing away from you.
Step 5Label one container "Long Term, Quarters Only" and the other container "Short Term".
Instruct your child that the containers cannot be opened until they are full. Now they can establish their long term and short term goals. I would estimate that the Quarters only container could hold about $300.We used to have a family bank when my children were young. Everytime they helped out without asking or did something nice I would make a contribution to the family bank. When the bank was full we would all get together and count it and then do something fun with our earnings like go to a movie or an amusement park.