Teaching financial education to your kids may not be high on your curriculum plans while homeschooling. Maybe it sounds too complicated. Maybe you’re not a financial guru. But you are a parent. You need a successful homeschooling money strategy you can use with your family.

Allowances aren’t about money. Allowances are about parenting.

Financial education in the home

Parents are the best people to teach their kids about money because parents know their kids best. Only you as parent can guide your kids through childhood to become capable in managing their finances in the future.

How can parents provide a financial education in the home? Where do you begin? 

For a successful homeschooling money strategy check out my book, The No-Cash Allowance. Download the curriculum guide here 

This easy-to-use guidebook incorporates financial concepts in real-life situation for kids ages 3-18. You can adapt this strategy in your home for your individual kids. You will be teaching your kids to manage money as a number, an essential skill for tomorrow’s adults.

With The No-Cash Allowance as a guide, children can increase their understanding of responsibilities from pre-school through high school and continue making real-world connections until they reach adulthood and are already knowledgeable about things other individuals are just being exposed to.

Homeschool Magazine

Written for parents by a parent

The book is organized by age groups starting with pre-school and continuing through high school. The process grows with each kid and focuses on three essentials of money management.

  • Timing the money: Understanding how money comes in and goes out and effect on the balance, e.g. cash flow.
  • Tracking the money: Knowing all ones financial resources, e.g. record keeping
  • Talking about money: Learning financial terminology to be able to talk about money

What is a No-Cash Allowance?

The No-Cash Allowance is a system in which a child controls all funds received from parents through a written account initially kept in the home. Adults act as bankers and the child as account owner. The child withdraws, transfers, and deposits funds while keeping a running balance. Credit spending, electronic transfers, ATMs, debit cards–and other forms of virtual money that haven’t been invented yet–are all in the future of our children. Parents use money they would spend anyway to provide a financial education in their home.

Learning money management is learning how to make decisions. That is the hands-on skill that kids can practice in the home using their own money. The process explained in the book will help your kids learn how to manage money in a day-to-day setting, just like you do.

  • Children, Adults and Cash: The Dilemma
    Explains the problems with giving kids only cash and examines money attitudes in general and the difference between child money and adult money. 
  • The Solution: The No-Cash Allowance
    Explains the no-cash allowance strategy and show how to set up the system for your family. Provides ways to add value with activities that influence behavior aligned with family philosophy. 
  • Using The No-Cash Allowance with Your Child
    Introduces decimal cash system. Concepts and activities progress from simple to more complex for kids from 3-18.

Even when your kids return to the classroom, financial literacy classes will not prepare your kids for adulthood. Schools provide knowledge but cannot provide hands-on experience.

More effective than school classroom

53% Despite taking a financial literacy course, I don’t feel prepared for the financial responsibility that comes with adulthood.
64% Once I had to start dealing with real-world finances, I was surprised at how little I knew about managing money.

T. Rowe Price Parents, Kids, and Money Survey

Buy Now at the special Homeschooling price of $12. Free shipping.

Where else can you find a solution lasts through high school graduation and prepares your kids to be responsible with their money as adults?