Milford chronicle., 1942-06-05
90 om e EDUCATION
"Ths ChiId's Firsf School is the =.
Family"-FRoEBEL
Issued by the National Kindergarten
Association. 8 West 10th Street,
New York City
SAVING AND SPENDING
LUCIA MALLORY

Doh bhSSS uOlldTS lOOk DlB
Mother?"
My niece, Alice Mallory, held up
two dollar bills for her mothers
inspection.
They look very nice, Alice" my
sister-in-law replied. I'm glad you
have an opportunity to earn some
money this summer"
I'm taking care of little Bobby
Stanton on Wednesdays and Satur-
days, Aunt Lucia" my niece ev-
planned. l had just arrived for a
visit in my brothers home.
Shall l get some new tennis
balls, or put all of this weeks wages
into the bank?" Alice asked, turn
ing to her mother.
Haven't you been planning to
buy new tennis balls ever since Mrs.
Stanton told you she wanted you
to take care of Bobby this sum-
mer?" her mother asked.
"Yes," Alice replied, II just won
dered if ought to spend that much
money on myself Maybe l ought to
save all of it."
"You can buy three tennis balls
with half of your money" her mo-
ther counselled. "and then you can
put the other half into your savings
account. That would be fair di-
vision"
"All right, Mother!" Alice's eyes
were shining. "I'll go downtown
right now and get my tennis balls
and put one dollar into the bank!
If Kenneth has time this evening,
we can play. set before dark"
you've made good point there,
Harriet" / said to my sister-in-
law after Alice had gone. Il believe
every child should handle his own
money and learn both how to spend
and how to save it"
II want Alice to have sense of
achievement that will make her
work worth while. Nothing will give
her that more than purchasing
few desirable things for herself
with money that she has earned by
her own efforts. Placing a part of
each weeks wages in her savings
account will keep her from spend
ing too freely. A savings account is
not very tangible thing to a fif-
teen-year-old, yet both Alice and
Kenneth have become greatly inter-
ested in building funds to help
themselves through college"
do you know, Harriet" l said,
smiling at my sister-in-law, that /
think my niece and nephew have
very wise parents?"
You'd better say that those par
ents profit by their own mistakes"
Harriet replied. eve did not know
so much about the need for teach
ing children how to handle money
when Kenneth started his paper
route.
"At first he was a proud young
business man, handing each weeks
over to his daddy to be
placed in the bank.
at wasn't long, however, before
the boys interest began to lag. He
made no effort to extend his route
or to increase his earnings. We soon
realized that our son wasn't getting
much satisfaction from his work.
Ned decided to try letting Ken
meth take his own money to the
bank. That made his earnings seem
more real to him, but it wasn't un-
til he had made a few purchases
with his own money that his inter-
est was really aroused.
Kenneth wanted some attach
nents for his bicycle and Ned sug-
yested that he buy them for him
self. He began to make purchases
'or the rest of the family, too, little
.hings that he saw we needed, a
.ea strainer for me, a key ring for
his daddy and a school notebook for
Alice. Later on he bought a good
Kodak for himself.
"Now. Kenneth has built up a
inc paper route and he has good
ncome for a boy of his age. am
iure," Harriet concluded, "that
gives a child such sense |
If independence as having his own
money and learning how to spend |
md how to save 1t wisely"