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ThreeJars, Inc. is a U.S. - based company specializing in teaching financial literacy to children aged 5 to 13 through an online allowance service. They believe it's best to teach children about money early in life, through allowance, and hands on experience.
Operation
ThreeJars works like an online bank for children, but instead of cash, parents pay allowances in IOUs, representing real money. Parents decide how the allowance will be allocated to their child's SAVE, SPEND and SHARE Jars. Parents can track chores and paying projects. Earned IOUs are credited to a child's jars, but the actual cash stays with the parent. A parent's approval is required for all financial transactions. Children learn to budget, set financial goals, delay gratification, earn interest, and make charitable donations. Children track their financial choices.
ThreeJars employs the financial expertise of Jean Chatzky.
ThreeJars is located in Westport, Connecticut and services the United States and Canada.
History
ThreeJars was founded by a husband and wife of six children: Anton Simunovic and Carlotta McClaran. The founders explain on their website:
Like most parents, my wife and I wanted our kids to lead happy, purposeful lives. But how to raise a child with a mind for managing money and a heart for helping others? Despite a career in finance, I found it hard to speak to my kids about money. While I didn't want them to feel entitled, I didn't want them to stress over money either. We all know that if you do not learn to manage money responsibly it will end up managing you. If we're lucky, we also understand that by helping others we are really helping ourselves. Both of these values are at the core of ThreeJars.[This quote needs a citation]
Partnerships
ThreeJars has partnered with several experts (including Jean Chatzky), companies (including Rogers Communications and Parents Magazine), and charities in the fields of finance, parenting, and philanthropy. Charities that may be supported by ThreeJars clients include:
- American Society for the Prevention of Cruelty to Animals
- The Carbobfund.org Foundation
- Save The Children
- Whale and Dolphin Conversation Society
- The Nature Conservancy
- Smile Train
- Wolf Conservation Center
- Play Soccer Nonprofit International
- Sea Turtle Conservancy
- Right to Play
- Performing Animal Welfare Society
- The Mr. Holland's Opus Foundation
Reception
ThreeJars.com has been reviewed in various publications and websites, including }}</ref>
- Money Crashers[1]
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- ^ Bakke, David. "ThreeJars Review: Family Allowance Management". Money Crashers. Retrieved 19 May 2011.
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External links
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