How a Meaningful Allowance Inspires Self-respect and Confidence

An allowance is more than a tool to teach children money management skills and the value of money. When presented correctly, it can create opportunities for children to gain confidence in their abilities and an intrinsic respect and value for who they are. How a Meaningful Allowance Inspires Self-Respect and Confidence shows parents how an allowance can become a tool that intentionally provides opportunities for children—opportunities to look past their personal needs, to value meeting the expectations of others and owning the consequences of their actions.

An allowance is more than a tool to teach children money management skills and the value of money. When presented correctly, it can create opportunities for children to gain confidence in their abilities and an intrinsic respect and value for who they are. How a Meaningful Allowance Inspires Self-Respect and Confidence shows parents how an allowance can become a tool that intentionally provides opportunities for children—opportunities to look past their personal needs, to value meeting the expectations of others and owning the consequences of their actions. This guide explains how to help your children establish a budget and manage spending decisions by focusing on four concepts: 1. Responsibility is a promise 2. Meeting Expectations Creates value 3. Fair does not mean equal 4. Consequences are the result of the decisions you make. Trust, confidence, respect, and money are things that must be earned and are easily lost. By providing the opportunity to meet the expectations of others and facing consequences when they don't, we help children learn to see themselves clearly. They begin to respect themselves and make the changes necessary to address the disappointment they feel in themselves. Start inspiring self-respect and confidence in your children today!

Jean Yarger has been an elementary and middle school teacher, business owner, and serial entrepreneur. She is a wife and mother whose personal and professional life is focused on assisting and inspiring people to be their best. Her multidisciplinary experience in education, business, and parenting have taught her that people can succeed when opportunity and talent collide. She and her husband have two sons, and upon the births of their grandchildren, she saw a need for purposeful, meaningful communication between the generations. An avid gardener, she inspired her grandchildren's imaginations with stories about the creatures in her garden and Bringing Up Nana was born. Bringing Up Nana is a blog site dedicated to parents and grandparents seeking to inspire the next generation. She co-founded and currently serves as Administrative Officer for ENDECE, LLC, a privately held biotech company dedicated to improving the lives of people suffering from debilitating neurological diseases.