Customer Reviews

The No-Cash Allowance: A Practical Guide for Teaching Your Children How to Manage Money (Mom's Choice Award Recipient)

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My wife and I heard about this book from a friend and being new parents of a 4 month old, we figured was never too early to start thinking about how to handle money with our daughter so we bought a copy. I didn't know what to expect but I'm so glad we made the purchase...

Aside from the truly unique system that Finch has put in place (starting for kids at age 3!!), there is a chapter early on in the guide that asks a series of questions about how we, as parents, view money, grew up with (or without money), how OUR parents handled money, what our perceptions were about money as kids and now as adults, etc. The author has a fantastic list/series of questions in this chapter and my wife and I sat down one Sunday morning and started to go through each one - taking turns answering.

Believe it or not, after being my wife's best friend for over 15 years, there were some things I didn't know about her when it came to money, mostly regarding to how she was raised by her parents and their attitudes towards it. And visa versa. We ended up having a 2 hour conversation about our childhood, finances, expecations and dreams for our family and daughter. This chapter alone, based on the ground my wife and I covered during that conversation, is worth 100X what I paid for this book.

I went out and bought a second copy for my brother and sister in law...they have three kids and I know other parents will benefit from both the content and conversations this book will spur with their spouse or partner. We highly recommend this book.

This book explains one family's approach to teaching their children to understand money.

I believe this book offeres interesting ideas on how you might best develop the ability to manage money in your own children.

The book provided me with some ideas on how I could develop a program that parents could use to not only teach their children to understand the game of finances but how to teach children that income is directly related to providing one or more services to others (like earning an A in a course or doing a good job on the lawn).

I borrowed this book from the library and decided to jot down some notes and return it. My advice is that you consider doing the same. If you think, after reading it, that it is something you need as a reference as you go through the years of raising your child then buy it for your reference shelf.

I met Lynne Finch at a women's leadership expo. When she told me about her book with is history and philosophy, I had to learn more. This wasn't a concept I had thought about. I'm a Baby Boomer so I grew up with the use of dollars and coins, which evolved into writing checks and then using credit cards. As with today's children not knowing what a vinyl record is, after I spoke with Lynne, I realized that my grandchildren would have no way of understanding the use of cash when their parents have direct deposit, write checks, and swipe debit and credit cards.

I asked Lynne if her book would be appropriate for my two grandchildren who are 20 months and 4 months old. She assured me that it's never to early to learn the concept and then apply it as the children become ready. I ordered three books from her: one for my son's family, one for my daughter's family, and one for me.

We are all very pleased with the information in this book. Handling money is a complicated process but Lynne presents it in easy-to-understand concepts complete with charts, diagrams, and illustrations. She developed it and lived it as her children grew. This is how she taught her children the concept of money, going through the trials and errors of experimentation with a totally new approach. And now since the children are adults and manage their finances very well, she is witness to its value in helping other parents.

Both my children are learning about money in a totally new way and are putting Lynne's concepts into practice, preparing themselves to teach their children how to manage finances in a no-cash society.

I urge you to read this book and get a new perspective on managing money.