serenasgreenhouse:Hi,My nephew and niece just read this wonderful story about financial responsibility and management, \"Three Cups\". It is written for kids by Tony Townsley and Mark St. Germain.
On his fifth birthday, a boy receives the gift of three cups from his parents: one is for spending, one for saving while the third for giving. That’s where he is to keep his allowance. Over time, how much goes into each cup changes. The text includes a parents’ guide.
\"Teaching Children How to Save, Spend and be Charitable with Money.\" It is a great book that teaches earning, saving and donating. Besides teaching the kids about money management and financial responsibility, it teaches the kids the importance of compassion too. A GREAT read!
I tried to find this book in the NLB catalogue but failed to do so. If you are keen to buy the book, you may have to get it from the amazon website:
http://www.amazon.com/Three-Cups-Mark-St-Germain/dp/0979456304
Just to share. I have never read this story before but I teached my DS to do the same way since he was in P1 (the year he started to has own pocket money). Everyday, I give him $2 and he learn how to seprately his saving into three part. Example, he has 40cents left, then maybe 10 cents for spending, 10cents for giving and 20cents for saving. He keep doing this way, day after day... During 2012 CNY, he saved $100+ for donation to orphan home. For me, how much money is not important, the value is that he has learnt what is ''sharing''.