I was excited to have the opportunity to read and review Three Cups by Tony Townsley with Mark St. Germain. It is actually a children's book and I had seen it in a store a while back and made a note that I wanted to buy it. Then I got into whatever it was I was into and forgot about it. When it popped up as a choice to review, I jumped at the chance.
Three Cups is a story about a boy who received three cups from his parents, who promised this was the beginning of an adventure. The three cups are used to teach him about how to manage his money. One cup was used for saving money, one cup was used for spending money, and the third cup was used for money to give back to others. Each week when upon receiving his allowance, the boy would divide his money out into the three cups. This set a pattern for how he would manage his money throughout life.
One of the reasons I liked this book was that we have been doing this with our children for several years now, and here is the story. When Hubby and I went through Dave Ramsey's Financial Peace University this was one of the suggestions he made. Our children receive commission for jobs they complete around the house. When payday comes, they each have 3 jars labeled "Spend," "Save," and "Give." This system has worked well for us and has taught our children the value of saving money and seeing it add up so they can buy something they really want, instead of piddling it away and having nothing to show for it. (Although they do have a little bit of money they can spend however they want) Additionally, they have learned that they can take their "Give" money and really do something with it for someone else. Sometimes they give it to church, last Christmas they each bought a toy for a toy drive. There is no set formula for how much goes into which jar, you decide what works for your child. I would highly recommend this book as a conversation starter for parents and children to discuss money and how to use it responsibly.
Disclosure of Material Connection: I received this book free from the publisher through the BookSneeze®.com