Making Allowances: A Dollars-And-Sense Guide to Teaching Kids About Money - Softcover

Über die Autorin bzw. den Autor

Paul W. Lermitte is a registered financial planner who has advised many families over the past 15 years. He manages the website makingallowances.com, which offers financial advice and information to families with children.

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A proven, step-by-step system for teaching kids how to value and manage their money--from kindergarten to college.

"If you can teach your children to save, spend, and invest responsibly, you will prepare them for a productive, successful life." ­from the author

It's never too early to teach your kids about managing their money. Financial planner and father of three cash-savvy sons, Paul Lermitte shows you how with this complete, step-by-step program that provides the principles, structure, and tools you need to teach your kids all about money and how to manage it.

Guiding you through the basics­­teaching about banks, setting an allowance, creating an intelligent consumer­­this book is packed with tips and hands-on help; complete with ready-to-use worksheets, from an "Allowance Contract" to a "Kid's Loan Contract," and even a checklist that children can use when planning vacation expenditures. Inside, you'll find expert advice on:

• When to start an allowance and how much to give.
• Helping children run a simple business to gain entrepreneurial skills.
• Using credit to develop good borrowing and repayment habits.
• Teaching children how the stock market works.
• Saving for college tuition, including information on 529 plans and education IRAs.
• And much, much more!

It pays to help your children develop their own positive, confident money-managing skills. With a solid foundation in financial smarts, your kids can grow up to have both dollars and sense.