How Parents Can Leverage Amazon Teen Spending with The No-Cash Allowance

The recently announced Amazon teen spending strategy is great teaching tool to use with The No-Cash Allowance. My teens and I would have loved it! Here’s why.

My kids were teenagers long before Amazon came on the scene. Going to the mall was the big thing. They did not take cash. Instead, they skipped out the door with my credit card. (This was also before debit cards or reloadable cards existed.)

Was I crazy? Not a bit. All I was doing was giving them the no-cash tool they needed for their transactions. After all, they grew up shopping with me using the debit card concept.

As kids they shopped without cash. I paid for all our purchases together. They then subtracted from their written accounts kept with me as the banker.

My kids even managed their money as a number before they started school. So spending without cash was normal for them.

Because our kids had total control of their money they would not need our approval for today’s Amazon individual purchases. They had guidelines and spending responsibilities of their own. Instead, we would set a spending limit as explained in the program.

Amazon teen spending program

Michael Carr, vice president of Amazon Households says, “This is the only way where the teenager has the independence while the parents are in still in the know.”

I agree with the independence idea completely. Kids of all ages need to be in total control of their money. However, this Amazon program is not the only way to give kids independence.

The No-Cash Allowance is a system that gives children from pre-school through high school the essentials of money management.

Ownership Children want to have the power to control money just like they see adults doing. “This is my money,” they proclaim.

Responsibility “I have to pay my phone bill this week and remember that my school activity fees are due next week,” they declare.

Decision-making “If I don’t spend today I will have enough next week to buy that jacket I want,” they exclaim.

So it looks like my book and Amazon’s teen spending program are on the same page. Furthermore, you can Buy The No-Cash Allowance Today!

Paperback $16.95 • Kindle $9.95






Lynne Finch helps parents teach their kids about money from piggy banks to online banking. “It’s time to teach the kids how to manage money they can’t see or touch,” says the author of The No-Cash Allowance. Follow Lynne’s common sense approach for teaching children that money is a number.



Mommy, What are Cashless Transactions? Here’s What to Say.

cashless transactions
Cashless transactions are everywhere. What do your kids know about how they work?

Cashless transactions are everywhere. Could you pay all your bills with cash? Buying everything with cash? Probably not.

That’s because you manage money as a number. Maybe it’s time to start explaining to your kids what happens when you use non-cash transfers to pay or receive money..

In a world where cash diminishes  in importance we continue to pay allowances in cash. Consequently, we sidestep the importance of teaching our kids how to manage money as a number.

Children need to learn through experience that money is not just a physical thing. In the broader sense, money is a medium of exchange and trust that represents an amount of spending power. Money changes form over the centuries and will continue to do so.

Money is coin and paper currency, a plastic card, or simply a number on your computer screen that is transmitted anywhere in the world. Non-cash transfers  can easily and quickly move  money from place to place.

In fact, your kids will manage all forms all forms of virtual money  as adults, along with new money wrinkles that show up in the future. Many of them will be cashless transactions.

For example, according to MoneyTips debit card use is growing significantly in North America, outstripping average credit card use. Debit cards pay for many small purchases previously done with pocket change, such as a cup of coffee, fast food, and gasoline.

Where is the cash? Much of today’s money management is done without using cash at all. Look at your recent bank statement and see how many transactions take place without using any cash at all.

Start talking about cashless transactions

ATM–When you access an ATM you transfer a number into cash. Tell you kids how your money gets into the bank.

Check–When you write a check you give your bank written notice to transfer a number from your account to another. Show your kids a check and explain where your money is going.

Debit Card–These cards are replacing pocket cash. Tell your kids how the money get transferred from your bank account to the store.

Electronic Deposits–When you set up automatic payments you instruct  your bank to transfer money to another account as a number. Tell your kids which payments you are making through EFT (electronic funds transfer) without using cash or checks.

Electronic Withdrawals–When you receive automatic deposits you give permission to another account to transfer money to you as a number. Explain which funds are being deposited into your account through EFT.

As parents we use an increasing amount of cashless transactions. Consequently, we can help our kids learn the new rules of the money game by telling them what we are doing.





Helping parents teach their kids how to manage money as a number.