Give your children money with responsibility and the control to manage it all by themselves.
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. Give your kids debit card experience
- 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
Hey parents! Your kids best first job is being a great student. Those working years in K-12 classrooms are your kids first job, the one that can set them up for success in their future.
Parents, you can raise money smart kids by doing this one thing now. Stop controlling your kids’ money. Without the ability to make good decisions and learn from their mistakes, kids will not be prepared to manage money successfully as an adult.
Allowance apps, in my opinion, teach kids to allocate money as children but do not prepare them to manage money as adults. In my award-winning book, The No-Cash Allowance, I recommend that kids from ages 3-18 completely own their money along with responsibility and...
The teen years are the dress rehearsal before adulthood. Parents’ role here is to continue to increase funding and responsibility before becoming legal adults financially. To expect someone who has been spending money freely to make an overnight transition to spending as a responsible adult is unrealistic.
This educational YouTube Channel gives parents the basics about teaching money with responsibility using The No-Cash Allowance
The No-Cash Allowance YouTube channel focuses on kids and money to help parents and homeschoolers be successful in preparing the next generation to be self-sufficient as adults. Managing money and responsibility are the basis of becoming financially competent as an adult.
A recent BYU study finds experiential learning is best for children to develop financial responsibility. This study confirms the allowance experience I wrote about in my book, The No-Cash Allowance. Such a strategy works for parents and homeschoolers as a shared-family experience taking place in the home.