Kids' Allowances - How Much, How Often & How Come, A Guide for Parents (includes Allowance Workbook)

by David McCurrach

No Synopsis Available.

• Format: Paperback
• Language: English
• ISBN: 0967767105
• ISBN13: 9780967767109
• Release Date: February 2000
• Publisher: Kids Money Pr
• Length: 128 Pages
• Weight: 0.40 lbs.

Customer Reviews

Adapt the ideas to your own family needs...

This book is a tool to be adapted to each parent's needs. In fact the book is a tool that shows you how to use "allowance" as a tool to teach kid money management. The goal is to teach your child money management before they leave home. Let them make mistakes now, while you can be there to advise and assist them. You provide an allowance to your child along with a requirement for your child to pay for some of their own expenses. (In a sense it is a wash for the parents.) You give your child the power to make spending decisions and as a result, you give your child the chance to make mistakes. Allowance in this book is NOT free money because there are restrictions on how your child should spend the money received. (Charts and ideas for restrictions are provided.) If you use the rules in this book to set up an allowance plan, suddenly your child will have to choose between spending money on a movie with friends or buying a gift to attend an upcoming birthday party. That is what the book is about, teaching responsibility and how to make good choices (or suffering the consequences of poor ones). If you are like me, and don't believe in allowance, you can still use the rules in this book to set up a spending plan with your child. Since there is no allowance, the child's money will have to come from gifts or a job like babysitting, lawn mowing, cashier, etc. This book can be ideal for a child who just began working! It will be a little more challenging for you because you will have to convince your child they should pay for a percentage of their own expenses. I told my children, "Everyone in this house who earns an income or has access to money (if money comes from gifts), must help contribute toward their own expenses." Kids think twice when it is their money being spent! Whether money is from allowance or other means, using the guidelines in this book will help your child learn how to make the right (or wrong) financial decisions before they leave home!

Great system!

This is a great book. We have worked through it and have just started the program with our kids, ages 10 and 7. I appreciate that we don't have to reinvent the wheel.

Who's Teaching Kids About Money?

I have reviewed the book for my online class, "Money Skills for Kids". I must say I am impressed with the simple (yet very detailed) plan the author proposes. Additionally, I find that not only the children will benefit from the teaching tools he presents, but their parents will also undergo a valuable education in money management. One of the sections that stood out was the one on the "Sharing Money Challenge." I like the way the author helps children to integrate giving into their weekly routine, and the way he emphasizes that giving is just as much a part of spending an allowance as buying candy. Please note that I have included the book into my course's required reading list.

Excellent Resource of Information

This book is packed full of information about Allowances from parents to experts. Dave's way offers a simple, easy to follow method for deciding the ever important question 'How much do I give'.I would consider this book to be an excellent source for information. One that I will continue to review as my child gets older.

A terrific, highly practical guide to allowances

Parents looking for guidelines and insights about setting up an allowance system for their children will find McCurrach's practical advice invaluable. The blend of tips from experts and other parents, along with McCurrach's own thoughts and experience in dispensing allowances, provides a ton of useful information in a highly readable format.