How to Teach Kids About Money Without Allowance

Gray Frame Corner
Gray Frame Corner

Providing an allowance to your child is a great way to teach reliability, responsibility, and financial literacy. Using creative allowance alternatives to teach kids about money management is a valuable tool that will lay the foundation for budgeting, financial planning, and saving for essential things or life events.

However, giving your kids extra pocket money regularly without having that money tied to a sense of accomplishment may create unintended results.

7 Creative Allowance Alternatives To Teach Kids About Money Management And Responsibility

A more creative alternative allowance method is to pay your child to read books. You could offer them $5-10 for every nonfiction, finance, business, trade skill, or personal development book they read in addition to their school curriculum requirements.

Teach Kids To Earn Money With Reading Rewards

If you have a business, there are many ways your child can help you with age-appropriate business activities, whether it’s helping with accounting, stock, customer service, typing, organizing, mail responsibilities, or creating products.

Teach Kids To Earn Money Through Business Ventures

Encouraging your child to delve into creative thinking is easily the most significant gift you can give their future. Take a step back from controlling everything they do, and offer them the space to brainstorm and decide what they want to do to make extra money.

Teach Kids To Strategize Ways To Earn Money

SWIPE UP TO READ MORE

Arrow
Arrow
Arrow