Allowance Alternatives To Teach Kids About Money

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.

Working for their allowance isn’t to test their abilities to get everything done but to encourage them to be helpful and do more than the bare minimum.

Teach Kids To Earn Money Through Hard Work


Teach Kids To Earn Money By Helping Others

Teaching your kids while they’re young to help other people is essential to develop them into valued members of society.


Providing cash payments for academic accomplishments isn’t as common among homeschooling families.

Teach Kids To Earn Money Through Academic Accomplishments


However, if you homeschool your children, you could offer them an extra bit of money for reading books and their curriculum requirements that will benefit their future.

Teach Kids To Earn Money With Reading Rewards

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.

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