In a HoNYFacebook post from Sunday, one little boy shared how his family handles allowance. “Every week I get one dollar for allowance,” he told Stanton. “Then I get to choose the section where I put my dollar. There are four sections: spend, save, donate, and invest.”
The boy said that he earns two pennies for every dollar he has in his “invest” jar by the end of the month, so beyond spending and saving, he’s learning how to grow the money he earns with interest. What he’s also learning, though? The importance of giving to others.
“I used to have more but I took some money out and put it in my ‘donate section,'” he says of the money in his investing jar. “We used to it to buy food for people who don’t have much money in their ‘spend section.'”
Commenters praised the parents for teaching their kids lessons in “the value of money and the value of kindness” and “compassion and understanding,” which ultimately provoked the boys’ father, Steven Weiss, to add his own comment to the feed:
Now that’s a parenting win.
[h/t Humans of New York]