As a mom, Lynne discovered why giving kids cash doesn’t teach them how to manage money. In her award-winning book she give parents a guidebook for teaching their kids to manage money. Kids manage their own money as a number in an account rather than as cash. “Kids love being in charge. Parents see kids taking responsibility for their money decisions,” says the author.
From Karen, president of a wealth management company:
I rarely use cash myself and the girls see me use the (automated teller) machine, checks and credit cards, As a financial advisor I see many adults who struggle with cash, have huge credit card balances and rarely balance their checkbooks.
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- Printed allowance logs
- No-Cash Allowance pencil
- Parent worksheet: How Much Allowance Should I Pay My Child?
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