Simple way to manage allowances

My parents did a good job of teaching me about money. I had to do chores to earn my weekly allowance. I learned the value of a dollar through hard work.

Of course, things have changed a lot since then. But parents still want to teach their children how to manage money wisely.

It turns an allowance into a serious endeavor. And it prepares kids for using electronic banking systems.

As a parent, you create a free account. You then add a sub-account for each child. Your children get their own account logins. This lets them track the amount of money they have available. The account viewer is very much like a standard banking Web site.

You can schedule regular allowance credits for each account. And you can also add other entries. These can be credits for doing chores and good behavior. Or they can be debits for cash withdrawals or purchases.

allowancemanager.com

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