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.

---

The Scientific Breakthrough That Allows Every Couple To Choose The Gender Of Their Baby

The advances in science over the past century have been... Read More

Homeschool Socialization - Developing Your Homeschool Childs Social Skills

Everyone needs friends, and, as parents, you and I both... Read More

How to Make a Time Capsule

Looking for an unusual and memorable gift? Why not preserve... Read More

Parenting Confidence - Who Needs It?

It used to strike me as odd - but really,... Read More

The Benefits of Music Education

Despite serious reductions in funding for arts programs in... Read More

Top 20 Items To Pack In A Diaper Bag

1. Diapers (5 -7 is a fairly safe supply)2. Wipes3.... Read More

Let Kids Help

One fantastic way to get your children involved in what... Read More

When Parents Disagree

Moms and dads, are there times you think that parenting... Read More

The Theme from MASH - Suicide is Not Painless

The Theme from MASHI flipped the button on the remote... Read More

Parents - Create An Emotionally Healthy Connection With Your Child

"I could have helped you if I would have known,... Read More

Parenting: 6 Observations on Fatherhood

Just the other day my oldest son asked:"Daddy, am I... Read More

The Three Best Alternative Treatments for ADHD

There are a LOT of alternative treatments for sale out... Read More

Parenting Your Teenager: Ask Questions

Many parents seem to be more than a little confused... Read More

Blended Families Can Be Successful

Many families today are blending members from past relationships. It... Read More

The Top 5 Reasons Why Unwed-Parents Must Establish Paternity

"It takes a village to raise a child" is more... Read More

Parenting Your Teenager: 6 Tips for Effective Discipline and Consequences

A parent writes in, ``We are having a hard time... Read More

Authoritarian Parenting, Permissive Parenting, or Loving Parenting

Angie was brought up by rigid, authoritarian parents who kept... Read More

A Guide To Help You Teach Your Children Positve Self-Image Through Fitness

Raising a pre-teen or teenage daughter (or son) is not... Read More

Signs of Child Sexual Abuse

Many families do not want to believe their child is... Read More

The Truth Behind Having Children

In the beginning, having children was just a byproduct of... Read More

COMMITMENT: Teaching Children the Lessons of a Lifetime

It's been said, time and again, that for a child... Read More

Child Discipline - Be Consistent With Your Child

The biggest complaint you hear from parents about their children... Read More

ADHD Treatment: Strategy and Philosophy

If your child or teen has been diagnosed with Attention... Read More

Parents Demand Dumbed-down Tests:An Unintended Bad Consequence of the No Child Left Behind Act

The No Child Left Behind Act of 2001 is making... Read More

Committed Parenting

When you think about it, probably the one thing that... Read More

Lets Read! The Benefits of Reading to Your Children

Parents, when you help your children learn to read, you... Read More

When Everybody Does It Comes Back to Haunt You

Parental example, whether for good or for bad, is undoubtedly... Read More

5 Simple Steps Guaranteed To Allow You To Spend More Time With Your Children This Summer

Look around: Your kids are counting sleeps until the last... Read More

Teaching Reading: Part 3, Whole Language Vs. Phonics

There are two methods for teaching children to read; whole... Read More

Stroller Safety Tips

Strollers offer a wonderful and convenient service to parents and... Read More

Sharing Books with Children

One of my first memories of childhood is that of... Read More

Promoting Your Childs Motor Development

Assuming there are no serious motor problems present, what can... Read More

What Do Chinese Water Torture and Arguing with Children Have in Common?

Imagine yourself lying flat on your back, totally strapped down... Read More