I like to think of allowance as “learning capital.” Kids need to have some money so they can experience and practice using it. Basing allowance on chores, behavior or grades may accomplish some desired goals. But it also complicates and diverts the purpose of allowance as a learning tool. Instead of basing allowance on behaviors, consider basing it on specific financial responsibilities. Next month’s slide will help you set that up. Available Slides: Financial Values Puzzle Allowance Responsibilities Based Allowance Misconceptions About Saving Forcing vs. Inspiring Kids to Save Giving Kids Incentives to Save Main Slide Page

If you like this slide, you'll love my seminar, "How to Gimme-Proof Your Kids," and my brand new workbook based on the seminar. Click here for info about my availability and fees, and references from satisfied seminar sponsors, including clients of financial organizations and school parent-teacher groups. Click here for info about my How to Gimme-Proof Your Kids WORKBOOK, HOT OFF THE PRESS! BOOKMARK THIS PAGE so you can check out next month's seminar slide!