Give your children money with responsibility and the control to manage it all by themselves.
Provide the Financial Education Your Kids Need
Help them develop the essential life-skill of money management
- Create a plan for your kids and works with your family values
- Use allowances in a homeschooling setting to complement financial literacy classes
- Provide continuing hands-on experience from pre-school through high school
- Power to control their own money. Give your kids debit card experience
- Ability to manage age-appropriate expenses
- Independence in making decision and accepting the results
- Transferring money control to your kids so they assume responsibility for managing their money
- Requiring young kids to track every transaction in the no-cash allowance account, creating a money trail
- Initiating money conversations because money is now a neutral topic
- Helping them establish accounts in financial institutions as they get older
LATEST BLOG POSTS FROM THE NO-CASH ALLOWANCE
Parents and kids rave about their no-cash allowance experience. This approach shapes behavior through positive reinforcement by empowering children to make real decisions with their own money.
Explain the real technology of ATMs to your kids so they don’t think it is a magical piggy bank.
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