Posts Tagged ‘spend wisely’

“How Allowances & Financial Intelligence Give Your Child Control”

Friday, October 3rd, 2008

If you give your children an allowance, they will
become more self-reliant and responsible …and
develop some simple, powerful money habits.

The topic of “Allowances” mostly causes some debate with parents and their children. (Probably not as much the “Bailout” one in Congress and ‘Main Street’, thank goodness)

Anyway, allowances can either a good thing or a bad thing. It all depends on how you, the parent, use it…and what experiences your child has with their allowances.

Here’s what I invite you to do:

  • Give your kids an allowance where they are learning to save, (more…)