Lynne Finch, author - a podcast by Unknown

The No-Cash Allowance book help parents give their children a real-life financial experience that teaches the value of money and decision making. The book explains how a kid can - Manage money day-to-day, Use and keep track of virtual money, and make responsible spending choices.

Lynne Finch, award-winning writer and author, gives parents an easy-to-use method for kids to develop money management skills. She shows parents how to help kids learn to make financial choices that will help them become financially independent when they become adults.

From the author: Why should you read my book about kids and allowances? Because in The No-Cash Allowance you will learn how to give your children the financial education they won?t get anywhere else. By adapting the concepts explained in this book you can set up a system to teach your children how to manage virtual money. And, quite simply, it works.

The No-Cash Allowance is not just another book about children and allowances written by a financial planner, accountant or banker. It is a system created by a mother who decided that her kids needed learn to manage and control their own money for real-life spending. The no-cash allowance was created in our kitchen while my kids were in pre-school. I didn?t use much cash myself and could only be reliable if I paid my kids in credit, similar to direct-deposit in a checking account. The No-Cash Allowance is a real-world financial experience in which a kid controls all funds received from parents through an account initially kept in the home.

In today?s economic climate with financial bailouts and stimulus plans, it is even more important for our kids to grow up to be financially independent as adults. Kids who learn to manage money will be able to survive in an uncertain financial future. Parents who help their kids learn financial literacy and responsibility through hand?s-on practice at home will not need to bailout their kids when they become adults, thus protecting the parent?s own savings and retirement funds.

Parents tell me that using The No-Cash Allowance has surprised and pleased them as they see the improved attitude and financial responsibility of their kids.

Lynne L. Finch
www.walnutrow.com

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