About the Book
The No-Cash Allowance by Lynne Finch is a hands-on money management system for parents to facilitate in the home. The strategy can be applied in homeschooling or as a companion to classroom financial literacy. This approach shapes behavior through positive reinforcement by empowering children to make real decisions.
Children from pre-school through high school learn how to manage money as a number. Activities introduce concepts of debit cards, ATMs, electronic transfers and credit transactions using their own money.
Examples of dialogue between parent and child create a picture of real life situations. Charts, tables and illustrations show how to set-up the allowance system. As a result, children are responsible for tracking all their money in their own accounts.
A no-cash allowance places continuing control of cash and non-cash money in the hands of the child. Consequently this creates a child-size version of real-life money management.
About the Author
When I try to tell people about the no-cash allowance and what this book is all about I relate it to experiential education. Instead of learning from a textbook, I spent my childhood experiencing the ups and downs of managing money for myself. I learned more from what I did than anything I might have been told. – Abby, started no-cash allowance at age 3
The No-Cash Allowance is the winner of the prestigious Mom’s Choice Award™ in the parenting category. The Mom’s Choice Awards honors excellence in family-friendly media, products and service.