Use hands-on activities to teach your kids money math in a fun way
At a financial literacy conference, experts were asked how to improve financial literacy levels for people of all ages. They said a four-letter word. Math. Managing money as a number is money math in action.

Defining the roles of parent and child in The No-Cash Allowance
When using the no-cash allowance, the roles of parent and child create a consistent structure for success. Parents are bankers or facilitators, while the kids are the account owners. Income and expenses are tailored for each child by age and interests. The home account consolidates money in and out in and boils it all down to a single number.

Kids learn to manage cashless spending with The No-Cash Allowance
The biggest money challenge for kids today is learning how to manage cashless spending. Using the no-cash allowance solves this because kids can track all their money as a number, whether it be a gift card, or spending using a debit card, or physical cash itself.

Be sure to have these money conversations before starting your kids’ allowance
Before starting allowances in your home for your kids, take time for money conversations with your parenting partner. Knowing more about each other’s money history will help you agree on how you will facilitate your allowance system together. Your ultimate goal is to prepare your kids to grow up to be independent financially as adults so you won’t feel pressured to support them after they leave home.
Past and future choices define the difference between your money and your kids’ allowance
Timing of money choices separates kids money from their parents because of past and future choices. Kids spend for the future; parents spend primarily for past decisions.