|
“An excellent credit rating is one of the most
valuable assets any adult can have. This book is a
great primer for parents who want to instill
responsible money management habits in their
children.” – retired bank executive As parents, we want to believe that teaching our children financial literacy will protect them from economic struggles. Yet, knowing about financial matters will not help our children learn to manage money. Managing money is a skill that requires practice, something that will not happen in the classroom, simply because schools can’t provide real money. It’s up to parents to help their kids start developing an essential life skill, that I call financial competency, being the ability to pay bills on time, make reasoned use of credit, and plan for future expenditures, as well as have funds for fun and recreation. Financial competency requires practice using real money that only parents can provide. Most allowance systems for kids rely on using cash, but in reality, spending today is done with virtual money in the form of debit, credit cards and other forms of electronic money transactions. How are your kids going to learn how to manage money they can’t see or touch? As parents, you are responsible for helping your kids learn to manage money. Be assured, it’s easier than you think. You don’t have to be a financial expert. You don’t even have to have a lot of money. However, you do have to be serious about giving your kids money, responsibility and control. The No-Cash Allowance is an easy-to-use money management system to help your kids learn how to manage money without cash. When your kids use a no-cash allowance they practice managing money day-to-day while learning how to use and keep track of virtual money, as they will have to as adults. The No-Cash Allowance is not a quick fix, doesn’t use a cute piggy bank and won’t fit on a clever chart. The concept is unlike other allowance books because it focuses on giving kids practice making real-life decisions using money for both fun and necessary spending starting as young as pre-school. Think of this book as a lesson guide for parents. Try it with your children. See for yourself why parents tell me that using The No-Cash Allowance has improved their children’s responsibility and attitude about money. Lynne L. Finch |
 |
Copyright 2010 Walnut Row