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Follow on Google News | The No-Cash Allowance Website Focuses on Teaching Kids to Manage Money as NumberOver the last fifty years, personal finances migrated from primarily cash and checks to many forms of cashless transactions. So how can parents address the cash vs. cashless conundrum when it come to teaching kids how to manage money?
By: Walnut Row The No-Cash Allowance book by Lynne Finch presents an inventive, original system that is thoroughly explained and easy to understand. Children from pre-school through high school can practice concepts of debit card, ATMs, electronic transfers and credit transactions using their own money. In the book, examples of dialogue between parent and child create a picture of real life situations. Starting with written accounts helps kids get hands-on practice keeping track of their own money. According to the T. Rowe Price 2017 Parents, Kids & Money Survey, kids who manage their own money have better money habits. A no-cash allowance places continuing control of cash and non-cash money in the hands of the child to create a child-size version of real-life money management and responsibility that is similar to that of an adult. The website includes a blog about children and money addressing such topics as: how parents can make allowances an educational experience, when to start allowances, and how kids can learn money management at home. The site also offers downloadable account logs to use with the book, and audio and video interviews with the author. The book is available in print from the website and Amazon as well as in Kindle and Nook versions. http://www.walnutrow.com End
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