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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 is best to teach children about money early in life, through allowance, and hands-on experience.

Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Raising interest in personal finance is now a focus of state-run programs in countries including Australia, Canada, Japan, the United States and the United Kingdom. Understanding basic financial concepts allows people to know how to navigate in the financial system. People with appropriate financial literacy training make better financial decisions and manage money better that those without such training.



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.

An IOU is usually an informal document acknowledging debt. An IOU differs from a promissory note in that an IOU is not a negotiable instrument and does not specify repayment terms such as the time of repayment. IOUs usually specify the debtor, the amount owed, and sometimes the creditor. IOUs may be signed or carry distinguishing marks or designs to ensure authenticity. In some cases, IOUs may be redeemable for a specific product or service rather than a quantity of currency, constituting a form of scrip.

ThreeJars employs the financial expertise of Jean Chatzky.

Jean Sherman Chatzky is an American journalist, a personal finance columnist, financial editor of NBC’s TODAY show, AARP’s personal finance ambassador, and the founder and CEO of the multimedia company HerMoney.

ThreeJars is located in Westport, Connecticut and services the United States and Canada.

Westport, Connecticut Town in Connecticut, United States

Westport is a town in Fairfield County, Connecticut, United States, along Long Island Sound within Connecticut's Gold Coast. It is 52 miles (84 km) northeast of New York City. The town had a population of 26,391 according to the 2010 U.S. Census, and is ranked 19th among America's 100 Richest Places as well as third in Connecticut, with populations between 20,000 and 65,000.


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 ]


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:

Rogers Communications Canadian telecommunications company

Rogers Communications Inc. is a Canadian communications and media company. It operates particularly in the field of wireless communications, cable television, telephone, and Internet connectivity with significant additional telecommunications and mass media assets. The company is headquartered in Toronto.

<i>Parents</i> (magazine) American parenting magazine

Parents, published by Meredith Corporation, is an American mass circulation monthly magazine that features scientific information on child development geared to help parents in raising their children.

Reception has been reviewed in various publications and websites, including Consumer Reports [1] Money Crashers [2] and Yahoo Finance [3]

In general, reviewers agree that the site's independence from credit card payments is a benefit. (Children request payouts from their virtual accounts, and parents receive an alert of the request, fulfilling the request out of their own cash on hand.) However, they disliked the option of payouts in gift cards, noting that such cards limit a child's choices of how to spend their money, and often go unredeemed or partially redeemed. [1] Since the Consumer Reports review, ThreeJars has ceased to offer gift cards as a redemption option.[ citation needed ]

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Chore charts are also called reward charts, behavior charts, chore calendars, chore lists or task lists. A chore chart is a listing used to track and organize the house work. The chart can be physical or virtual and is often a means used by parents to post chores expected of their children.

Arizona Saves is a non-profit organization offering free services to promote financial education throughout the state of Arizona. It partners with other non-profit and community development agencies, financial institutions, faith-based organizations, and city governments to provide no-cost financial education for low- to moderate-income individuals and families.

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  1. 1 2 Blyskal, Jeff (10 February 2010). "Is ThreeJars a good way to teach kids about money?". Consumer Reports.
  2. Bakke, David. "ThreeJars Review: Family Allowance Management". Money Crashers. Retrieved 19 May 2011.
  3. Torabi, Farnoosh. "New Technology Teaches Kids How to Save". Yahoo Finance. Archived from the original on 2011-07-26. Retrieved 2011-06-07.