This hands-on allowance experience is worth more than the money.
Provide the Financial Education Your Kids Need
Help them develop the essential life-skill of money management
- Create a plan for your kids and works with your family values
- Use allowances in a homeschooling setting to complement financial literacy classes
- Provide continuing hands-on experience from pre-school through high school
- Power to control their own money.
- Ability to manage age-appropriate expenses
- Independence in making decision and accepting the results
- Transferring money control to your kids so they assume responsibility for managing their money
- Requiring young kids to track every transaction in the no-cash allowance account, creating a money trail
- Initiating money conversations because money is now a neutral topic
- Helping them establish accounts in financial institutions as they get older
LATEST BLOG POSTS FROM THE NO-CASH ALLOWANCE
If you are a parent or grandparent, what are you doing today to prepare the next generation in your family? Are you providing opportunities for your children to learn how to manage money and be responsible for their decisions? Are you starting when they are...
Kids’ money education starts earlier than you think. Take some advice from Warren Buffett. Start early. How early? Pre-school.
Parents! Check out Mom’s Choice Awards for great articles. Maybe sign up for their informative newsletter. Click here to read my blog: Using Allowances to Teach Life Skills. The Mom’s Choice Awards® The Mom’s Choice Awards® (MCA) evaluates products and services...
Teaching financial education to your kids may not be high on your curriculum plans while homeschooling. Maybe it sounds too complicated. Maybe you’re not a financial guru. But you are a parent. You need a successful homeschooling money strategy you can use with your...
In a recent Money Memories interview I was asked about my childhood. Being an early Baby Boomer, my childhood is almost incomprehensible to today’s teens. Imagine my surprise when the Teen and Young Adult Financial Panel gave their take-aways from my interview. Their...
What kid doesn’t want money? Kids see parents spending money with no one telling them what to do. Looks like power to them and they want it. What happens if you give your kids money AND power. You’ll be amazed! Parents, with all good intentions, don’t want their kids...