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Making Allowances

A Dollars-and-sense Guide To Teaching Kids About Money

By Paul W Lermitte

A proven, step-by-step system for teaching kids how to handle their money for life

On any given day, North American kids between the ages of 5 and 18 have tens of billions of dollars at their disposal. That's why now, more than ever, parents need to teach their kids how to manage their money. Written by a registered financial planner with 15 years of experience as a family financial adviser, Making Allowances shows them how. In a friendly, accessible manner, Paul W. Lermitte presents a step-by-step allowancebased system for teaching children about money. He takes readers from the basics of setting up an allowance and managing requests for loans, to handling marketing hype targeted at kids. He provides expert guidance on when to start an allowance and how much to give, how to teach kids to value money, when to start them saving for the medium and long term, where to draw the line between wants and needs, helping them with buying decisions, being generous without spoiling kids, and much more. Also contains valuable advice on saving for college tuition, including 529 plans and education IRAs.

Format

Book

Availability

1 available at Northeast
  • 332.024054 Ler, Nonfiction
1 available at Southeast
  • 332.024054 Ler, Nonfiction

ISBN

0071398287


Format: Book
Author: Lermitte, Paul W
Title: Making allowances : a dollars-and-sense guide to teaching kids about money / Paul W. Lermitte with Jennifer Merrit.
Publisher Date: New York : McGraw-Hill, c2002.
Subject: Children -- Finance, Personal Saving and investment
Isbn: 0071398287 (pbk.)
Current Holds: 0
System Items Available: 2
System Items Total: 2
Call Number: 332.024054 Ler
Oclc: 49205834
Upc:
Bib Id: 179964

Format: Book
Author: Lermitte, Paul W.
Title: Making allowances : a dollars-and-sense guide to teaching kids about money / Paul W. Lermitte with Jennifer Merrit.
Publisher, Date: New York : McGraw-Hill, c2002.
Description: xx, 235 p. : ill. ; 23 cm.
Subjects: Children -- Finance, Personal
Subjects: Saving and investment
Other Author: Merritt, Jennifer
Notes: Includes bibliographical references (p. 227-229) and index.
Contents: The allowance contract -- Tricks or treats? -- Laughing all the way to the bank -- Spending the bigger bucks -- The case of the broken window -- The gift of giving -- Credit when due -- The debit side of the coin -- Building the money mountain -- The investment crystal ball -- Taking stock -- A future so bright -- The kid's business builder -- The family compact -- Split economics -- Making independent choices -- Marketing madness -- To be or not to be "in".
LCCN: 2002007498
ISBN: 0071398287 (pbk.)
Requests: 0
Available Copies: 2
Total Copies: 2
Call Number: 332.024054 Ler