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Kid Money System Builder

Build your system so that it bridges the gap between managing money as a child, and managing their first paycheck.

If you're like most parents, then you're clear about two things when it comes to teaching your kids and teens money:

  • You will NOT send your child head-first into the real world without knowing a lick about managing a paycheck (unlike the sendoff you got as a young adult)
  • You know which way you want your child to get money (either Team Allowance or Team Chore Commissions)

But there’s a disconnect between the Money Lessons you want to pass onto your children, and the ways your child gets to interact with money – there's no clear strategy.

And a half-baked (though well-intentioned) way of getting money into your child's hands can lead to:

  • Your child spending all their money as soon as they get it.
  • Your child lacking motivation to save for anything.
  • Your child buying ridiculous stuff that they later regret. 

That's where a Kid Money System comes in.

A Kid Money System (KMS) is:

how you get money into your child’s hands, and the Money Responsibilities, Boundaries, and Rules that money comes with. 

And deciding between allowance or chore commissions? Is only a small part of this (in fact, I’d say it’s the most insignificant part).

Hint: EITHER system works, and you can build your Kid Money System around whichever is based on your Money Values (another topic we cover).

You’re going to take your current Kid Money System – the collection of one-off earnings, occasional holiday/birthday money they get, and whatever rules you've established – and make it consistent, intentional, and with a real purpose in mind.

teal, pink, and dark blue Kid Money System workbook broken down to Payday cycle, money goal examples, money responsibilities, and lots of checklists, a calculator page, etc.

Note: This is a digital product. You'll be given a link to download to enjoy immediately after purchase! Worksheets need to be printed out for you to use.

After the KMS Builder, you will:

  • Know exactly what amount of money your child will receive and why, so that you can stop guessing
  • Get clear on your Money Values and build your KMS around them
  • Get on the same page as your partner (or co-parenting partner) about what and how to teach your kids money
  • Have a roadmap for how to tweak and change your system as your child goes through the ages and stages of childhood

After the KMS Builder, your child will:

  • Make money decisions within the guardrails you've established, helping them to gain money confidence
  • Get a consistent amount of money they can count on, so that they can start to plan how to spend it and even set savings goals
  • Be clear about who is going to pay for what, (hellooooo Money Boundaries!)
  • Use the Money Challenges Bonus to actively engaged with the new system you just built

What's Included:

  1. Kid Money System Builder Workbook (with Decision-Maker Worksheets)
  2. Kid Money System Workshop Replay
  3. 4 Real Case Studies of other people's systems
  4. Growth Roadmap
  5. Bonus #1: Kid & Teen Money Challenges
  6. Bonus #2: The Guide to Getting on the Same Page with your Partner…about parenting your kids around money
six cover pages showing the product, including the KMS Builder workbook, workshop replay, real case students, growth roadmap, etc.

Note: This is a digital product. You'll be given a link to download to enjoy immediately after purchase! Worksheets need to be printed out for you to use.

When you’re done, you’ll have a one-page summary of your personal Kid Money System plan outlining exactly what you need to do, plus a roadmap for how to tweak your system as your child develops and your family’s needs change.

And the whole thing should take you about an hour. Because I've included some SWEET options for you to pick and choose through, in alignment with what you want in your own system.

Money boundaries, chore ideas, goals and lessons, and other checklist worksheets

Did I mention there are bonuses? (I did, but now I'm going to take a moment to geek out on them)…

flatlay of guide to getting on the same page as your partner about parenting kids about money, with gold dots in background

Bonus #1: Getting on the Same Page with Your Partner

Parenting kids about money is tough enough – what happens if you and your partner can’t fundamentally agree on how to do it?

That’s where this guide comes in.

pages in the Kid and Teen Money Challenges sitting inside of orange frames

Bonus #2: Deck of 15 Kid & Teen Money Challenges

What's the good in creating a Kid Money System if your child doesn't interact with it? These Money Challenges are designed to get your kids and teens interacting with their new KMS. They will stretch their thinking on how to use money, and help them learn those Money Lessons you want for them.

The results are in: Parents AND kids are loving this.

middle-aged woman in brown glasses with short crop hairstyle

“It really is a very helpful plan for parents and kids and goes more in depth than anything else I’ve seen.”

“What I really like about the Allowance Plan and Extension Pack is the idea of Money Responsibilities (other than the buying of random toys at Target). This is a great idea!

We are going to work on implementing this by having her start paying for birthday gifts for her friends and Christmas gifts for the family. When she turns 8, she will get another chore added and another dollar.

I’m going to keep working on this plan with her especially adding weekly giving and Money Responsibilities. It really is a very helpful plan for parents and kids and goes more in depth than anything else I’ve seen. I wish I would have learned all of this as a kid!” ~ Patricia W., 7-year-old daughter

Sondra, Mother to a 7 & 9 year old boys, says,

“A week or so after I got the allowance plan kit from you, we used it to develop our plan. It was really helpful! We'd been on the dole method since they were born it seems. They'd see something in a store, and we'd buy it (and be frustrated that we said yes) or we wouldn't (and often deal with the whining that resulted). With our new allowance plan, they get an allowance of $7 per week plus we do something between Chore Commissions and Consultant-Based Earnings. That is, if I need help with something that I don't want to do at the time or don't have time to do at the moment, I make an offer and we negotiate. Of course, not all of our kid money problems are solved. Next, we'll build in other lessons like…saving for a rainy day, giving to others, etc. It’s so nice to realize how far we’ve come!”

Note: This is a digital product. You'll be given a link to download to enjoy immediately after purchase! Worksheets need to be printed out for you to use.

You know teaching your kids and teens about money is very important. I'm here to help.

I'm Amanda L. Grossman, a Certified Financial Education Instructor, winner of the 2017 Plutus Foundation Grant to create a kid money program (the Mt. Everest Money Simulation: A Kid's Educational Adventure), and a 13-year personal finance blogger.

Not only do I feel qualified to help you teach your kid(dos) and teens how to earn, save, and manage their money, but I darn well looooooovvvve these subjects.

Here's more about me.

What would change for you AND for your child if you took just 1 hour today to put into place your entire Kid Money System? I'll tell you one result: you could start watching as your child self-discovers those Money Lessons you had in mind for them.

FAQs

1. Am I going to get stuff in the mail?

No. This is a digital product that you print out. You'll need to print out the worksheets for your kids & teens to work through.

2. I don't want to pay my child an Allowance. OR, I don't want to pay my child to do Chores. Do I have to do what I don't want to do to use this system?

Absolutely not – in fact, there are 5 different “base” types that you can choose, and any of them will work with this system (the Dole Method, Learning-Based Earnings, Allowance, Chore Commissions, And Employer/Consultant-based Earnings).

3. Do we need to buy anything else to use this product?

No further products are needed to use this product. You'll just need to print out the worksheets.

4. What do I get again?

  • Kid Money System Builder Workbook
  • Decision-Maker Worksheets with a menu of options
  • 4 Real Case Studies of other people's systems
  • Growth Roadmap
  • Bonus #1: Kid & Teen Money Challenges
  • Bonus #2: The Guide to Getting on the Same Page with your Partner…about parenting your kids around money