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If you're lucky enough to get a weekly allowance, you know that managing your cash flow can be tricky. The first thing you might WANT to do is rush out and spend it. The first thing you SHOULD do is remember that spending ALL your money now leaves you with empty pockets and nothing for later.
So how do you figure out what to spend now and what to save? SAVE. SPEND. INVEST. GIVE.
The Mint Cash Calculator will help you plan a way to manage your cash based on four buckets: Save. Spend. Invest. Give. Learn more here. Have fun with this and experiment! Your plan will depend on what your goals are today and in the future. Talk to a parent if you need some help deciding. You'll see how quickly a little bit each week can add up over time!
From Plan to Action. Once you have a plan, it's time to put it into action! You'll need four containers – one for each category. These can be as fancy or simple as you want. We like mason jars or tin cans that you can decorate and personalize. Label each container with SAVE, SPEND, INVEST and GIVE. Each allowance pay day, put the amount of cash in each jar that matches your plan. It's as simple as that!
How much money do you get in a week? $
Enter the percent that will go in each bank:
After 1 year, you would have...
$0000.00 $0000.00 $0000.00 $0000.00