About the Author
David McCurrach began Kids' Money (kidsmoney.org) in 1995 as an early Internet-based financial education resource for parents, teachers and kids. Today, this widely-acclaimed site provides an unparalleled amount of information on teaching kids about money, money management and financial responsibility.
Appropriately, the first four years have focused on Allowances - the basic building block of a financial education. Tens of thousands of parents have contributed their thoughts and experiences. Leading experts have weighed in with their views. This body of knowledge forms the basis for the information provided in Kids' Allowances - How Much, How Often & How Come, A Guide for Parents as well as in The Allowance Workbook for Kids and Their Parents.
Excerpt. © Reprinted by permission. All rights reserved.
Notes For Parents The Allowance Workbook For Kids and Their Parents goes hand-in-hand with Kids' Allowances - How Much, How Often & How Come, A Guide For Parents book. To get the most out of the Workbook, you need to read the Kids' Allowances book. In it, you are introduced to a number of ways to structure an Allowance program and why the one followed in this Workbook yields the best possible results. Especially helpful is the Dave's Way chapter which provides specific instructions on how to complete these worksheets for the maximum benefit of both you and your child. That chapter includes individual sections on the Spending List, Clothing List, Saving, Sharing and so forth. As you can see, the Kids' Allowances book makes the Workbook much more beneficial. For complete details on obtaining Kids' Allowances turn to the last page of the Workbook. Information on purchasing additional copies of both books is also available there. It may be helpful to keep in mind that you need one Workbook per child per year. Before we begin, here is an overview of who does what: Who
What Parent
Makes the Rules Child
Plans Spending Child
Plans Clothing purchases Child
Makes Saving goals Child
Plans Sharing donations Child
Calculates Saving and Sharing amounts Child
Totals Allowance amount Parent
Figures Budget amounts Parent & Child
Decide on Review date And fortunately the value of the Workbook does not end there. As time goes on, questions come up - Who pays for movies? How much do parents provide for friend's birthday gifts? And so forth. Keep the Workbook handy. It is invaluable as a source of answers to these questions and many more. You may even want to tuck it away as a childhood keepsake. Years from now, it could provide yet another pleasant memory of your child's growth and development, and the experience and knowledge you helped them acquire.
