It is well for every one to keep a written record of all money received
and all money spent. Children should be taught to do this as soon as
they are old enough to have money in their possession. A simple little
note-book in which all expenditures are entered on the right side and
all receipts on the left side, with the balance drawn up each week or
month, will prove an easy and satisfactory method of keeping accounts.
If the little girl learns to do this with her pennies, she will be
better able to take care of the more important household accounts when
she is in charge of a home. However, there will be no real incentive for
her to keep accounts unless she is endeavouring to save for some good
purpose. If she learns to save for the future purchase of a book, a
dress, or some little treat, she will feel that her account-keeping is
worth while. As a housekeeper, she will appreciate the importance of
saving for some future benefit to the family.