Show L Teach Child to Spend Wisely Not Save Money U U. S S. S Bureau Advises Advis s H Ten Rules for Finance Are Listed ill r v Bureau Suggests Budget BUdge Plan to Teach Child Prudence Pru Pru- dence Bence in Money Matters 1 y m Br Associated WASHINGTON July 3 The 3 The little littleboy littleboy boy vho who puts all nIl his pennies In his metal bank no longer Is ranked by bj bythe i 4 the United States childrens children's bureau as the shining financial example for childhood i In his stead the bureau today set S 'S X up the ideal as i an American child childS m S who ho spends wisely saves wisely and r li- li gives wisely I Ii Children should not be taught to toT tobe i T Ii be little misers the child experts ll f a The Ther t f admonished In a special study Child and His Mone Money q l LITTLE TRAINING VALUE A savings sa bank Into which pennies r disappear pear never to be used has relatively relatively rela rela- little training value I The bureau advocated that children chil dren be encouraged to spend money andl as ns a n means of learning its use we and value It suggested a budget plan of putting small change tat into bright bright- colored envelopes envelopes red red envelopes I for saving sa money blue for spending money green for giving shing away money and so on SUGGESTIONS OUTLINED The study was summarized in 10 financial training suggestions 1 Give the child a regular fixed allowance teach him not to beg and tease lease for additional money 2 Let him learn by experience that denial must follow extra a gance 3 Teach the child not to expect pay for duties he ought to perform 4 4 Encourage him to earn extra mane money by giving him a real job preferably preferably preferably one which has real commercIal commercial commer commer- cial value pay him no more and no noless noless noless less than it Is worth 5 Be sure any ny work he docs does outside outside outside out out- side the home Is not physically harmful harmful harmful harm harm- ful and does not expose him to wrong Influences 6 6 Dont Don't tip the child chUd for ren- ren u dering small services to his elders or for being good or polite 7 Teach the child the value of saving sR for a definite purpose instead of for the mere sake of saving Let him learn the foll folly of spending all his money at once and o of going into debt to buy something he wants I 8 Teach him that saving sa things that cost money is as important as saving money 9 Help tho the child to realize the Importance of giving as well as of spending and saving I 10 Remember that the example of financial responsibility parents set will influence the childs child's attitude I |