Allowances aren’t about money. Allowances are about parenting.

Hands-on financial education at home

Provide the Financial Education Your Kids Need

Help them develop the essential life-skill of money management

 
As a mom, I set out to teach my kids about money. What they learned reached far beyond dollars and cents. My children gained important life skills like confidence, decision-making and responsibility. Now my grandchildren are growing up with the same money experience.
 
To help parents like you, I wrote a book to guide you in teaching your kids to manage money as a number. You can adapt the strategy in my book, The No-Cash Allowance to:
  • 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
The No-Cash Allowance is a reliable, repeatable, and realistic method for kids to learn money management skills. Think of this as an in-home training program. You don’t need to be a financial expert to use the information in the book. You and your kids will learn together over the years.
 
Kids want money because they know what it does even before they know how it works. The No-Cash Allowances gives kids what they want.
  • 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
 
You take on a new role as facilitator for money matters with your kids by:
  • 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
 
You are the best person to teach your kids about money. When you trust your kids to manage their money they will amaze you by showing how capable they are. This approach shapes behavior through positive reinforcement by empowering children to make real decisions. Your kids will grow up to be responsible personal money managers as adults.

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Two successful allowance ingredients kids need

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A no-cash allowance is a successful strategy

Cash allowances started missing the mark decades ago. Teaching kids about money only using cash is definitely out-of-date for today's kids. Using a no-cash allowance is a successful strategy. Now we do more cashless spending than 10 years ago. By the time your...

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Basic allowance rules for long-term success for your kids

My allowance as a kid failed to prepare me for the adult world of money. When I became a mother I was not going to commit that mistake. Here are the basic allowance rules I learned for creating a successful experience for both parents and kids. Back in the 1970s when...

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