Imagine if ...
What if your boss told you that from now on you have to keep track of where your paychecks go ... and each week your paycheck will be equal only to the amount you can account for of your previous check?

I can guarantee your boss will not be starting this program any time soon. But that doesn`t mean you couldn`t do this with your kids and their allowances. Tell them if they can only account for half of what you gave them last time, when allowance time rolls around again you will give them only half as much. Their allowances should equal the total of the transactions in the spending and saving records. Too tough? Not at all! Just be firm, not mean, and watch your kids develop a valuable, lifelong habit.