Sunday, July 09, 2006

Train your children to save with a penny

"A penny is a very small matter, yet the comfort of thousands of families depends upon the proper spending and saving of pennies. If a man allows the little pennies, the results of his hard work, to slip out of his fingers -- some to the beershop, some this way and that -- he will find that his life is little raised above one of mere animal drudgery. On the other hand, if he take care of the pennies -- putting some weekly into a benefit society or an insurance fund, others into a saving's bank, and confiding the rest to his wife to be carefully laid out, with a view to the comfortable maintenance and education of his family; he will soon find that this attention to small matters, will abundantly repay him, in increasing means, growing comfort at home and a mind comparatively free from fears as to the future. And if a working man have a high ambition and posses richness in spirit, -- a kind of wealth which far transcends all mere worldly possessions -- he may not only help himself, but be a profitable helper of others in his path through life."

So here is a practical idea for instilling this habit into your children; tell them that each time they find a penny you will double it, or it may be if you are able, you will give them a nickel for each penny that they find. In our world, there are many that will not stoop to pick up a penny. Let that slothfulness be your children's means to saving.

1 comment:

HAINAngel2000 said...

Fred, We actually have a huge water Jug we have been working to fill for over a year now. We started to save it to give to the church! The kids get so excited to save it that every penny they find they laugh and argue over who is going to make it to the jog first!
Its so sweet!!! -Love Mary