by Lynne Finch | May 31, 2023 | Homeschooling Financial Education, Kids Going Cashless, Kids, Money and Responsibility
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. Hands-on experience with physical money makes the numbers in...
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 | May 10, 2023 | Homeschooling Financial Education, Kids, Money and Responsibility
The biggest money challenge for kids today is learning how to manage cashless spending. Using the no-cash allowance solves this because kids track all their money as a number, whether it be a gift card, a debit card, or physical cash. When kids use this process they...
by Lynne Finch | May 3, 2023 | Homeschooling Financial Education, Kids, Money and Responsibility
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...
by Lynne Finch | Apr 26, 2023 | Homeschooling Financial Education, Kids, Money and Responsibility
Timing of money choices separates kids’ money from their parents’ money because of past and future choices. Kids spend for the future; parents spend primarily for the past. Money is exciting for kids because they can freely use it looking forward. When allowances...
by Lynne Finch | Apr 19, 2023 | Kids, Money and Responsibility
Money management for kids has two parts, process and principles. Kids need to know how to manage money as well as why. Identifying these components in allowances is significant as we prepare our kids to leave the nest. To prepare kids for their future, they need to...
