An allowance is a very influential way to teach children about money and the first exposure they will have with receiving and earning it. We explained in ‘4 Steps to Teach Kids About Money’ how it’s important for children to learn about…
Foster children have very specific needs when it comes to learning about finance because they typically don’t have the same resources available to them that biological kids in stable homes do. These children shouldn’t be left by the wayside. Foster…
Allowances are one of the most hotly debated elements of financial education for kids. In one corner, parents advocate them, because having real money available can make it easier for children to save, spend, give to charity and learn basics…
Giving kids an allowance is a tried and true method of introducing children to financial responsibility. At the same time, kids also need to learn how to perform basic self-help tasks and take care of their belongings. In some households,…