“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
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