The No-Cash Allowance website launch features new pricing for website orders. Visitors will see a clean, simple design for desktop and mobile viewing. The new price of $11.95 is a 30% savings. Free shipping and other extras are included with website orders. Kindle and Nook versions are $9.95.
“The key to responsible money management is in learning how to make decisions,” says the book’s author Lynne Finch. “Decision-making is educational when a child has complete control of the money.”
According to the T. Rowe Price 2017 Parents, Kids & Money Survey, kids who manage their own money have better money habits.
About the book
Lynne is an award-winning author and an expert on children’s allowances. Her book solves a financial problem for today’s kids (and tomorrow’s adults). That is: how to manage virtual or digital money—money that can’t be seen or touched—money that exists as a number.
Knowing how to manage money as a number is the new survival skill for the next generation. Most allowance systems are cash-based with parents handing out cash in a controlled environment. Or the parents control the funds through an on-line allowance program.
In The No-Cash Allowance kids control all their funds received from parents through a written account initially kept in the home. Adults act as bankers and the child as account owner. Most importantly, the child has complete control of the money.
Money management is a skill
A no-cash allowance gives kids the opportunity to develop money management skills. They learn from mistakes and successes. As the kids grow they also learn how to use checking and savings accounts. This creates a child-size version of real-life money management similar to that of an adult.
This approach is successful because only parents, not schools, can provide real money for kids to manage. In the book, examples of dialogue between parent and child create a picture of real-life situations.
Starting with written accounts helps kids get hands-on practice keeping track of their own money. Children can practice concepts of debit card, ATMs, electronic transfers and credit transactions using their own funds.
The website continues to feature Lynne’s insightful blog about children and money. The No-Cash Allowance website launch also offers downloadable allowance logs to use with the book, and Interviews with the author.
Lynne Finch helps parents teach their kids how to manage money as a number. “It’s time to teach the kids how to manage money they can’t see or touch,” says the author of The No-Cash Allowance. Follow Lynne’s common sense approach for starting with kids as young as pre-school and continuing through high school.