An allowance is more than a tool to teach children money management skills and the value of money. When presented correctly, it can create opportunities for children to gain confidence in their abilities and an intrinsic respect and value for who they are. How a Meaningful Allowance Inspires Self-Respect and Confidence shows parents how an allowance can become a tool that intentionally provides opportunities for children--opportunities to look past their personal needs, to value meeting the expectations of others and owning the consequences of their actions. This guide explains how to help your children establish a budget and manage spending decisions by focusing on four concepts: 1.Responsibility is a promise2.Meeting Expectations Creates value3.Fair does not mean equal4.Consequences are the result of the decisions you make.Trust, confidence, respect, and money are things that must be earned and are easily lost. By providing the opportunity to meet the expectations of others and facing consequences when they don't, we help children learn to see themselves clearly. They begin to respect themselves and make the changes necessary to address the disappointment they feel in themselves.Start inspiring self-respect and confidence in your children today
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