Top 20+ Reasons to Pay your Kid an Allowance
by:
Cindy Morus
1. They can make mistakes under your guidance
2. They will learn how to save for the future
3. They will learn that money doesn’t “grow on trees”
4. They will appreciate what they have
5. They will learn to make choices and set priorities
6. They'll stop nagging you for money
7. There will be less friction in your household
8. They will learn healthy financial behaviors
9. They will learn your values
10. You can teach them that it isn’t all “about the money”
11. They will learn how to spend wisely
12. They will be prepared to enter the grown-up world.
13. Allowances will teach your children to be resourceful, independent
and unique.
14. An allowance is a “tool to empower your children to avoid
commercialism’s clutches.”
15. You can teach them to avoid the pitfalls of debt
16. You can help them improve their communication skills around money.
17. An allowance now could help them avoid future “marital money chaos”
18. They’ll learn the difference between quantity and quality.
19. They’ll learn how it feels to make a poor choice and have to live
with it.
20. They’ll learn how to resist impulses (sometimes, maybe!)
21. They’ll learn to appreciate and take care of their things
For help in designing an Allowance system that works for your family,
please contact Cindy at 541-387-2995 or by e-mail.
(c) Phelps Creek Financial Coaching - All Rights Reserved
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About The Author
Cindy S. Morus (http://www.phelps-creek.com) is
a
Certified Financial
Recovery Counselor specializing in showing women and their families how
to achieve financial well-being and peace of mind. She is also a
Certified Credit Report Reviewer and Get Clients NOW!™ licensee.
Contact her at 541-387-2995 or cmorus@phelps-creek.com.
She is also the
publisher and editor of "Financial Fitness", an internet gazette
dedicated to helping people improve their financial fitness no matter
what decisions were made in the past.
Attention Ezine editors/Site owners: Feel free to reprint this article
in its entirety in your ezine or website as long as you leave all links
in place, do not alter the content and include our resource box as
listed above. If you do use the material please send us a note
(cmorus@phelps-creek.com)
so we can take a look. Thanks
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