Wednesday, October 19, 2011

Book review: Three Cups

Both my husband and I grew up in families that taught us the importance of managing our money well. And for both of us, that translated into good spending/saving habits as adults as well.  Now that our kids are getting older, we've been talking about how to pass responsible money habits to them.  Recently I got a new book, thanks to Booksneeze, that is designed to help parents teach these important lessons to their kids.  It's called Three Cups, and here is a bit about it, from the publisher's website:

Teaching children how to save, spend, and be charitable can be as simple as 1, 2, 3.
All parents want to teach their children good money habits from an early age. Many start by giving them an allowance. But it’s equally important to teach children a positive, generous attitude as they learn to use money responsibly.
Filled with warm, memorable illustrations by award-winning painter, April Willy, Three Cups is the story of one family’s unique and effective method of teaching personal financial management—and how one boy reaped first the small, then the immeasurably great rewards of the lessons he learned.
Families will be delighted with the heart-warming tale and want to integrate the three-cup system in their own children’s lives.
This is a really sweet little book with a good message and beautiful illustrations. The book suggests a good spending/saving/giving system using cups, so that kids can visibly see where their money is going, which I think is smart. It also suggests getting kids involved with opening bank accounts- it's important for them to understand the whole process.  We enjoyed reading Three Cups, and we will definitely be implementing a saving/spending/giving system based on the ideas in the book.

Disclosure: I received a copy of this book to review for myself. I was not compensated in any other way and all opinions posted here are mine and mine alone.