Help Your Children Track Their Money With Allowance Manager

I am trying to teach Noah about money. I thought that now that he is four years old, he should start getting an allowance. I think it is important to teach him about saving and spending even at his age. I am hoping to prevent him from going out and wasting all his money on something silly when he gets a little older. Right now his allowance goes in his piggy bank and it is saved. Today is St. Nicolas Day and he woke up to find 4 shiny quarters in his shoes along with a treat. It is my job to teach him that he has to earn the things he wants and that money is something that isn’t just handed to him at his command. Thanks to my sister and brother in law they taught Noah how to hold up a cup and say to strangers “please can I have some money?” He even said it to a police officer who thought it was hilarious. I hid my face in shame. Now he kind of has the mentality that mommy will give him money whenever he asks, not happening.

I came across a website called Allowance Manager. It is a great way for children to keep track of their spending and how much money your child has. Just think, your child doesn’t have to count the change in their piggy bank anymore. All you have to do is create a free parent account and then you can create an account for each of your children each of them will have their own password. It is really easy to sign up. I personally hate long sign up processes. It takes like 2 minutes to completely set up the whole thing. One of the features I really like is the printable chore chart that we will be using for Noah to start doing chores like picking up his toys, cleaning up his dishes after meals and picking up his trash during the day. Your children can’t update any of the parent settings so it is secure and it remains accurate. You can easily reward your child for good behavior by adding extra money and even penalize for bad behavior by subtracting money from their account. It will also serve as a reminder or as evidence as to why their allowance is a few dollars less. It also teaches them the basics of banking if your child is a little older.

I am still thinking about how much money to give Noah for an allowance. How much do you give your child or children and how old are they?

For more information please visit Allowance Manger.

I received a gift card for my review of this website. All thoughts and opinions are my own.

Gerber Life College Plan

One of the things you have to start thinking about the moment you find out you are going to be a parent or when you find out you are having another child is paying for the child to college if that is something they want to do. I am not one of those parents that will demand that my child goes to college. I am pretty sure he will want to because even at 4 years old, he loves to learn. Many parents start saving for their children’s college education from birth. I wanted to share with you about the Gerber Life College Plan. Everyone knows about Gerber with the iconic Gerber Baby. I learned recently that they offer a college plan to help you save and pay for your child’s future education. It is an endowment life insurance policy. It is designed to help parents save a guaranteed amount of money for their children's college education expenses in a safe and secure way. I am sure a few of you are wondering what an endowment life insurance plan is, I didn’t know until I checked out the FAQ.

I think that this is a great gift to give your child or grandchild. It will help them in the future. You don’t have to worry about losing it by having it tied up in investments and have the stock market crash, and be left with nothing. I know that has happened to a lot of people recently with the economy being so bad off. It is a small monthly gift that will provide a lifetime of education which will provide a future for your child or grandchild. I know in some families it is customary for the grandparents to pay for college, why not start now and have it taken care of without having to pay a large sum every year.

For more information please visit the Gerber Life College Plan’s FAQ.

Piggy Bank for the 21st Century

I have a really cool toy to share with you. I thought my readers with older children would love to hear about this brand new, unique, hi-tech, educational children's toy. The toy is the Ekomini Piggy Bank and it has been designed by educational professionals to promote financial literacy among kids. It features an interactive money box that connects to a computer via USB to provide kids with a fun way to keep track of what they save. I wish I had one of these when I was a kid. I would have to sit and count change all the time back when I did Kool-aid stands and sold other random items. It would also be great if your child is saving for a special toy or game. When Noah gets to be a little older I am going to give him an allowance and I am going to have him save for things he really wants.



Another really cool thing about Ekommini is that kids can take part in virtual adventures in Ekominiville where they learn about saving, spending, donating and investing their money in a fun context. I feel it is important to teach children about money at a young age to prepare them for the future. The Ekomini is currently being launched in North America and is priced at USD 39.99.
For more information please visit http://ekomini.com