The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1942-01-15
SAVING AND SPENDING
BY LUCIA MALLORY

Don't these dollars look big,
Mother?'
My niece, Alice Mallory, held up
two dollar bills for her mothers in
spection.
'They look very nice, Alice" my
sister-in-law replied. "1'm glad you
have an opportunity to earn some
money this summer"
"Im taking care of little Bobby
Stanton on Wednesdays and Satur-
days, Aunt Lucia" my niece explain
ed. | had just arrived for visit in
my brothers home.
"Shall | get some new tennis balls,
or put all Of this weeks wages into
the bank?" Alice asked, turning 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 summer"
her mother asked.
"Yes," Alice replied, 81 just Won
dered if l 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 mother coun-
selled, "and then you can put the other
half into your savings account. That
would be fair division"
"All right, Mother!" Alice's eyes
were shining. "Pll 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 a
set before dark"
you've made a good point there,
Harriet" l said to my sister-in-law
after Alice had gone. 81 believe every
child should handle his own money
and learn both how to spend and how
to save it."
81 want Alice to have a sense of
achievement that will make her work
worth while. Nothing will give her
that more than purchasing a few de-
sirable things for herself with money
that she has earned by her own eff
forts. Placing a part of each week s
wages in her savings account will
keep her from spending too freely.
A savings account is not a very tan
gible thing to a fifteen-year-old yet
both Alice and Kenneth have become
greatly interested in building funds to
help themselves through college"
''Do you know, Harriet" | said,
smiling at my sister-in-law, "that
think my niece and nephew have very
wise parents 20
"You'd better say that those parents
replied "We did not know so much
about the need for teaching children
how to handle money when Kenneth
started his paper route.
"At first he was a proud young
business man, handing each weeks
earnings over to his daddy to be
placed in the bank.
"It 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 real
lied that our son wasn't getting much
satisfaction from his work.
"Ned decided to try letting Ken
That made his earnings seem more
real to him, but it wasn't until he
had made a few purchases with his
own money that his interest was
really aroused.
"Kenneth wanted some attachments
for his bicycle and Ned suggested
that he buy them for himself. He
began to make purchases for the rest
of the family, too, little things that
he saw we needed, tea 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 fine
paper route and he has a good in
come for a boy Of his age. | am sure
Harriet concluded, that nothing gives
a child such a sense Of independence
as having his own money and learn
ing how to spend and how to save
it wisely"
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