Top 20+ Reasons to Pay your Kid an Allowance

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 may 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

Cindy S. Morus (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.

---

Teaching Children Good Manners

Last week in my newsletter, I mentioned that... Read More

Why First Borns Fuss, Seconds Are Resilient and Last Borns Like To Laugh

How can two or three children in the same family... Read More

His Toy, Her Toy

I remember when my daughter was born. Visions of her... Read More

How to Prepare for Labor

Although nothing anybody says can ever completely prepare a woman... Read More

Theres a Lollipop on Your Bottom (and Other Terms of Endearment)

"I took care of Callie," my three-year-old announced.Callie had been... Read More

Parenting Your Teenager: 6 Things to Stop Doing Right Away

1. STOP focusing on what you are going to make... Read More

Childs Play: Treating The Insanity of the Mental Health System

In today's mental health system there is a pattern of... Read More

Building Teen Character: Part-Time Employment

The teenage years are a crucial time in a child's... Read More

Parenting Your Teenager: What Teens Say About Parents

What's hard for teenagersHaving people who don't understand you trying... Read More

People of the Century by Dan Rather

Dan Rather made a significant and tactical error and got... Read More

Managing Your Stepfamily

If you are a member of a stepfamily, you know... Read More

Parents --- Homeschooling Can Take a Lot Less Time Than You Think

The time you will need to teach your children the... Read More

Powerful Tips for Increasing Your Childs Self-Esteem

Here is a list of ways to convey the message... Read More

Registering a Birth in Scotland

Who Can Register A Birth? The child's mother... Read More

Co-Morbidity Rates: Other Problems That May Come With ADHD

Diagnosing children and teens with ADHD can be a challenge.... Read More

Because Every Child Is A Born Genuis

Graphology for Child development.:- Graphology is the science of understanding... Read More

The Twenty-First Century Parent

John was a 43 year-old sales manager at a large... Read More

Quality Time?

There's a phrase that's become popular over the past few... Read More

How Is Peaceful Parenting® Different?

Peaceful Parenting® ideas are very different from other kinds of... Read More

The ABCs of Raising Twins

As a mother of two sets of fraternal boy/girl twins,... Read More

Humans and Their Innate Need for Drug Stimulation

We know that ancient cultures and Indians and the like... Read More

Child ADHD - Deciding Where to Draw the Line

The wonderful adaptability of children in dealing with the challenges... Read More

Growing Good People

At age seven months in the womb, humans begin language... Read More

How to Find The Best Time To Be With Your Kids

"Life consists not in holding good cards but in playing... Read More

6 Ways to Communicate Clearly with Your Teen

How would you like to have a closer relationship with... Read More

Minimizing Homework Hassles

John Bishop's Goal Setting for Students.comParents ? Minimize Homework Hassles?It's... Read More

Son, Can I Use The Car Tonight?

I recall somewhere in the recesses of my aging brain... Read More

Top Ten Ways to Raise Emotionally Intelligent Kids

Having a high level of emotional intelligence in your children... Read More

Your Child?s Self-Esteem is in The Cards

Research has shown that the present generation of children worldwide... Read More

The Parent Teen Relationship: How Effective is Yours?

It was the homework that did it. Each night became... Read More

Trip, Trip, Trip... Here Is Your Night Visitor Again!

Night Visits From Your ChildIn the middle of the night... Read More

What is Child Sexual Abuse?

What is child sexual abuse? Any sexual activity that is... Read More

Homeschooling Takes Your Child Out of Public School --- A Unique Benefit

Home-schooling removes children from public school. That alone makes home-schooling... Read More