22 January 2009
Spend Second Cup on Savings Book
Posted by admin under: media .
Struggling to prove to kids that saving and charity are worthwhile endeavors is difficult, but an Assistant Scoutmaster was able to do it and he wrote a book so you can learn from his example. ScoutingNews has this cool story.
When Tony Townsley, chief financial officer for Hokanson Companies Inc. and Assistant Scoutmaster for Del-Mi Troop 152, and his wife set up an allowance system for their children, they knew they wanted to impart the values of personal financial management and philanthropy.
The solution they came up with was simple: Each child would get a set amount per week, but that amount would be divided into three categories: Saving, spending, and charity. The money would divided into these categories and stored in three corresponding coffee cups.
…
Tony, who teaches the personal management merit badge for Eagle-bound Scouts, believed that the method had been so successful in his family that he recently released a children’s book, “Three Cups,” explaining the system.
Though the timing is accidental, many of the lessons taught in “Three Cups” are especially relevant due to the state of the economy.
The book, written by Mark St. Germain and beautifully illustrated by April Willy, is available at the Indianapolis Scout Shop as well as from the book’s Web site, www.3CupsBook.com.
Click over to see how it was successful with Tony’s kids. It will make you want to start using this method yourself.
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