Teaching children to "Divide Money Into Three Parts"

Teach your kids
Three Ss concept
Financial attitude
Pocket money

When children receive pocket money or laisee, they are likely to want to spend it immediately. This shows that they do not understand the concept of money allocation.

Parents can teach their children to "Divide Money Into Three Parts" to learn the concepts of "Save", "Spend" and "Share".

The importance of "Save", "Spend" and "Share"
Save To learn about the importance of saving, ask your children what they want to buy and have them put aside some of the pocket money to save up for their goal.
Spend Saving should come before spending. After setting aside some money to save, work out with your children the necessary expenditures and let them buy what they want with the remaining pocket money.

Develop empathy in children by making them aware that there many in the world who are less fortunate them who are threatened by warfare, starvation, poverty and various suffering.

Encourage children to kids to put aside some pocket money for donations, or they can also help the needy through volunteer work or donation of secondhand items. Learn about the background of the organisation which benefits from the donation.


"Dividing Money Into Three Parts" does not mean that children must divide their pocket money into three equal parts. Rather, they should be encouraged to allocate the money and adjust the portions according to their ages and expenditure needs.

By doing so, children can learn how to use their money more effectively and set aside budgets so that later they can learn to treasure and share their wealth.