Re: Scout Accounts
Jim Holman (jrholman@POSTBOX.ACS.OHIO-STATE.EDU)
Tue, 5 Nov 1996 15:52:00 -0500
At 03:25 PM 11/5/96 -0500, you wrote:
>Our Troop is considering establishing individual Scout accounts, i.e.,
>savings accounts for individual Scouts. Money can be deposited by the
>Scout or earned by participating in Troop fundraising activities. Money
>can be used to pay for Scout activities (summer camp, camping trip, certain
>equipment items, etc.).
>Has anyone used these? What is your experience with using these accounts?
>Are they worth the effort? Do they teach Scouts to save? What are the
>problems and pitfalls?
We've used individual accounts for scouts from day one. We've never had
kids deposit funds, but our troop rules are that for every dollar you earn
through fundraisers, 2/3 goes into your private account and 1/3 into the
troop treasury for equipment, expenses, etc. Your money is used only for
your expenses for summer camp or other activities for which we must charge.
If you have MORE money than is required for summer camp, then you may spend
it on scouting equipment -- a new sleeping bag, pack, whatever. If you
leave the troop, drop out of scouting, whatever, your residual money rolls
over into the troop treasury.
This is a good way to show the boys that the money THEY raise goes towards
THEIR expenses... they know what the need to earn and last year when one boy
had enough to go to summer camp AND buy a nice new pack, it really opened
The problem is the bookeeping to keep the accounts straight. I always have
an account listing in my notebook I have at every meeting, so they can
always check their status. They also get periodic reports after each
fundraiser. Since they never get their hands on the money, there is no
temptation to spend it on something else... they can just watch it grow
Jim Holman /
------- I used to be a bear
SM T78 Killbuck District | | |
Buckeye Council #436 \/ \/
Brotherhood member Sippo #377 >-W-W-W->
Terry Howerton Sakima Group, Inc. SCOUTER Magazine Kansas City