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Wally goes away on a trip with the Boy Scout troop that he belongs to, leaving a lonesome Beaver behind. Finding his friends to be busy, Beaver takes up other means to make the time go by.
Ward tries to teach Wally and Beaver the importance of saving by giving them a piggy bank. The boys quickly save up a handful of change and are all ready to spend it on some baseball equipment. However, unknown to their parents, they change their minds and decide to spend the money on a most unselfish gift.
Wally begins to outgrow his "sloppy" faze and becomes much neater. This is noticed by Ward and June who try to encourage Beaver to undergo the same transformation. However, Beaver changing like that just seems too extraordinary of a task.