The Key to Success
An effective Allowance program can do most of the work when it comes to teaching your kids how to manage their money.
Now, we're not talking about:
- Your five dollars a week, here's your money, stop bugging me Allowance, or
- Do your chores and you'll get your Allowance.
This Allowance program is a purely and simply an educational tool - a means to teaching your kids how to spend thoughtfully, save regularly and share faithfully.
In the process, they develop the skills and habits necessary to achieve financial success as adults.
Here's what Warren Buffet had to say on CNBC about children and financial habits:
- Well, one way or another you develop financial habits when you're very young. And the habits you develop live with you for the rest of your life.
The Allowance section of Kids' Money provides everything you'll need to get started.
You may also want to check out Allowance Magic: Turn Your Kids Into Money Wizards by our very own David McCurrach. This workbook includes a step by step guide on how to set up an effective Allowance program. It also has easy to complete worksheets for both kids and parents. Everything you need is right here.
We welcome you to Kids' Money - Allowances!
Enjoy the adventure of teaching your kids about money!
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