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...
by Lynne Finch | May 13, 2020 | Kids Allowances
Parents expect to give their kids money to spend, but they don’t want them to make spending mistakes. While this is understandable, kids’ money mistakes are key to helping them learn successfully manage their money. Why are parents so protective when it comes to...
by Lynne Finch | Apr 14, 2020 | Kids Allowances
This is a repost of a blog I wrote eight years ago. Sadly not much has changed. Parents expecting financial education classes to teach their children about personal finance will be disappointed after reading a recent Survey of the States. The 2020 Survey of the...
by Lynne Finch | Aug 15, 2018 | Kids Allowances
A piggy bank does not help our kids learn how to spend money they can’t see or touch. Kids see debit card spending at the store, but do they have any idea what you are doing? Using a debit card is like cash spending without cash. Unlike getting cash from an ATM,...
