by Lynne Finch | Sep 27, 2023 | Homeschooling Financial Education, Kids Allowances, Kids, Money and Responsibility
Piggy banks are not financially literate, but they are a fun part of childhood. Unfortunately, piggy banks do not teach real money management to kids. Our kids are growing up in a world that uses increasing amounts of money that we can’t see or touch. We spend and...
by Lynne Finch | Sep 20, 2023 | Homeschooling Financial Education, Kids Allowances, Kids Financial Education, Kids, Money and Responsibility
What do you say when your kids start asking for money? Like most parents, you think they want money to buy stuff. Of course, they do. But if you dig deeper this is an opportunity for you to start teaching them how to manage money. Asking for money shows interest We...
by Lynne Finch | Jun 14, 2023 | Homeschooling Financial Education, Kids Allowances, Kids Financial Education, Kids, Money and Responsibility
Starting school opens the door for your child for more money management experience. The 6-12-year-olds have more activities and an expanding social life. Your kids spend more time away from the family and start using money when you’re not around. As your child...
by Lynne Finch | May 17, 2023 | Homeschooling Financial Education, Kids Allowances, Kids, Money and Responsibility
When using the no-cash allowance, the roles of parent and child create a consistent structure for success. 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....
by Lynne Finch | Apr 12, 2023 | Homeschooling Financial Education, Kids Allowances, Kids, Money and Responsibility
Allowances need to evolve simply because money keeps changing. Money is no longer that physical pile of cash that was “here today and gone tomorrow.” Instead of reaching for cash to make a purchase or payment we’re just as likely to use credit or debit, smart phone,...
by Lynne Finch | Jan 17, 2022 | Kids Allowances, Kids Financial Education, Kids, Money and Responsibility
When parents describe their kids’ money habits to me, they quickly label them as a money spender or saver. One mom says, “He can’t wait until he gets money.” Another tells me, “She just enjoys having money.” While parents easily identify these spending habits and...
