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Step 1: Determine Your Child’s Kid’s Pay Amount
The KidsWealth Program involves parents paying their kids a monthly salary – called a Kid’s Pay. This is NOT an allowance. Your child’s Kid’s Pay is directly based upon your family income and lifestyle. So Step 1 in our program has parents evaluate how much they spend on their kids (wants vs. needs) and take a percentage and pay it to them ONCE a month as their Kid’s Pay on a selected payday.

Step 2: Determine The Amounts For Each Of The 5 Accounts

30% of their Kid’s Pay goes in their WEALTH Account – this is their Investment account. Money is this account is never to be spent, only invested in various ways to grow their wealth

20% goes in their PLAN Account – this is for your kids to be able to plan for and purchase more expensive items like a bike, game cube, Xbox or computer

20% goes in their LEARN Account – your kids use this money to buy books, education toys and games, trips to museums, parks, zoos, travel or anything that is educational in nature

20% goes in their FUN Account - this is your kids spending budget for the month for toys, games, movies, popcorn, snacks, or treats that they buy on their own with their own Fun money

10% goes into their ANGEL Account– this is their charity account, money to be used every month to donate to charity, tithing at church or helping others in their community


Step 3: Set Up The KidsWealth Money Kit:

The KidsWealth Money Kit contains everything you need – including a Parents Guide that helps you figure out an appropriate Kid’s Pay amount, the amount for each account, and tips on how to introduce money to your kids. The Kid's Guide also helps kids understand each account and how the money should be used.

There is a Kid's Pay Agreement which is to be signed by both parents and kids, detailing the amount of your child’s Kid’s Pay, the date each month and how the money is to be managed. Kids can hang this on the wall or keep it in their kits.

Included in the Money Kit is a “Kal and Pal” Calendar and a set of Kid’s Pay stickers which your child uses to mark each payday for every month, so they know when they will be paid.

Included in the Money Kit, are the 5 Account Wallets (WEALTH, PLAN, LEARN, FUN and ANGEL). Your child simply marks their name on the Money Kit Case and Account Wallets and everything is kept together in the Kit Case for safety and convenience. All accounts are color coded for ease of use, especially for younger kids.

Also included in the Money Kit is a calculator, 5 pencils and "Kal & Pals" decorative stickers.

Once set up is complete, simply pay your kid’s their first Kid’s Pay in cash and start the program. It’s that simple! The program is designed to simply blend into your everyday life. For example, if you are heading out to the store, you simply tell your kids to bring their FUN wallets, or if to a bank, their WEALTH wallet if they have a deposit to be made. If to church, they take their Angel wallets, etc…

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The 10 principles behind the KidsWealth Money Kit:

Kids learn better and faster if they can experience what parents want them to learn.

Transferring purchasing power and ownership to kids at a young age builds confidence, self-esteem and self-perception.

Kids who manage their own money learn to make better decisions with direction from their parents.

Kids can and do make good decisions. Parents need to allow children the room for self expression and influence.

Parents who show trust and faith in their kids reap the rewards. Kids will do and be whatever is expected of them.

Kids know how to read the soul and true intention of their parents.

Parents must believe and accept full responsibility for teaching their kids about money, just as they teach their kids about all areas of life

Money is a big part of life. Kids who learn how to manage their money, learn to manage their life.

Money and wealth creation is simple, once you know how to do it.

Wealth is a state of mind, it all starts with how you think.