Set up your kid’s allowance account now
Give your kids the hands-on experience they need.
They will love their allowance logs and so will you!
Start your kid’s allowance account now.
Benefits for your kids
Ownership Children want to have the power to control money just like they see adults doing. “This is my money.”
Responsibility “I have to pay my phone bill this week and remember that my school activity fees are due next week.”
Decision-making “If I don’t buy that CD today I will have enough next week to buy that jacket I want.”
Benefits for you
No more begging for money Your child will know when, what for and how much money he will have.
No misunderstanding “Yes, Suzy, you did get paid for mowing the lawn. It’s in your account.”
Money becomes neutral topic When your child has ownership of funds it is easier to talk about money as a separate entity.
Expenses become real Something as simple as buying school supplies takes on real meaning. When the money comes out of your child’s account, she makes the decision about what to purchase, based on her available resources (account balance). These situations offer a great opportunity to discuss real-life costs and choices.
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