How can The No-Cash Allowance help your family?
It is a great system to teaching children to handle money. It is easy to understand and deals with the subject in a very realistic and contemporary way. The examples of dialogue between a parent and child are excellent. They help to create a picture of a real life situation in conversation with children. – reference book critic
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.
Start your kids no-cash allowances now.
Give your kids the hands-on experience they need.
They will love their allowance logs and so will you!
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