Kids Say the Funniest Things...

Allowance Bank: Emily, Age 6

When Emily’s Mom asked her if she was going to buy the small sparkly coin purse she was holding in her hand at the boutique store, Emily said, “No, it costs 3 dollars and that’s all I brought. Besides, it’s a little too pricey.” Now where do you suppose she has heard the word pricey before?


How long has Faith & Finances for Kids® (FFFK) been in use?
It was first designed in 1989 giving it over 30 years of credibility.

Why should I consider teaching my kids FFFK over other systems?
This system is for life. No matter what age kids begin, what you teach them will last from 3 to 93. As adults, there will be no need to find a different budget. The same 4 categories of Giving, Savings, Reserves and Allowance work great on any spreadsheet.

What other things make Faith & Finances for Kids® unique?

  • Teaches kids how to "manage an income" rather than just "spend an allowance"
  • Uses 4 banks instead of 3 banks so kids learn how to avoid debt
  • Answers the million dollar question – "To pay or not to pay for chores?"
  • Minimizes entitlement and instant gratification mentalities
  • Includes 11 stewardship principles kids memorize

Why do parents enjoy using Faith & Finances for Kids®?
When parents use FFFK they have the assurance that they are teaching their kids how to manage money in a way that pleases God so someday God will say, “Well done.” Additionally, parents enjoy the practical solution to the constant whining and arguing that come when kids are begging to buy things. Instead of parents having to say, “No, you can’t buy that, you don’t need that, you already have too many of those or we don’t have the money,” parents can now say, “Sure, you can buy that when you have enough money in Allowance.” (As long as the item is not on the restricted list).

Why do kids like Faith & Finances for Kids®?
Kids like FFFK because the income they receive each week is not tied to chores and because they receive raises on their birthdays. This system also gives kids more say about what and when they buy something as long as it is not on the restricted list and they have enough money. This decision-making process has proven to be a built-in motivator for kids to save their Allowance for larger purchases.

How much money do kids receive each week?
The amount is based on each child’s age with built-in raises on their birthdays. The system comes with an Income Chart for parents that shows parents how much money to give each child each week for each bank. There is absolutely no math for Mom and Dad. The system also includes a Cash Box (less the money) so parents have a way to keep coins and bills handy for Pay Day.

How long does it take to do Pay Day each week?
Once the system is learned it takes about 10 – 15 minutes each week. As kids get older, some families prefer to do Pay Days monthly.

Why does Faith & Finances for Kids® just give money to kids without tying it to chores?
FFFK believes kids should have a strong work ethic and know how to manage an income before leaving home. Unfortunately, experience has shown that when money is tied to work or chores and kids choose not to do chores, money cannot be given to kids to manage. As a result, kids often leave home without having learned either skill. To avoid this, FFFK teaches these skills independent of each other.

So what about chores – is it okay to pay or not?
To pay or not to pay has been the million dollar question for many parents for a very long time. In short, our answer is both “yes and no”. We suggest that some chores can be paid for, while other chores are done because kids are part of the family. The chart in our Parent Booklet breaks the chores into 3 simple categories that are easy to implement.

Age 3 - Adults

Parent's Kit

Kid's Kit


Stewardship Principles

Faith & Finances for Kids® teaches children that...

  1. God owns everything we have.
  2. God loans everything we have.
  3. God wants us to be content with what we have.
  4. God wants us to take good care of what we have.
  5. Someday God is going to tell us how we did, and we want to hear Him say, “Well done.
Matthew 25:21