Starting to raise a child will involve a number of changes to your financial world. Your budget will change, your spending priorities will change, and your long term financial planning will change as well.
Another aspect of your financial responsibility towards your children is teaching them about money and personal finance. There are different techniques for doing so, but many parents have found that a direct approach – actually getting children to make financial decisions for themselves – is the most effective. This has traditionally been done by giving the child an allowance each week or month.
Here are some... Articles Tagged ‘allowance’
The Pros and Cons of Giving a Child an Allowance
Starting to raise a child will involve a number of changes to your financial world. Your budget will change, your spending priorities will change, and your long term financial planning will change as well.
Another aspect of your financial responsibility towards your children is teaching them about money and personal finance. There are different techniques for doing so, but many parents have found that a direct approach – actually getting children to make financial decisions for themselves – is the most effective. This has traditionally been done by giving the child an allowance each week or month.
Here are some...
Monday, March 25th, 2013
Starting to raise a child will involve a number of changes to your financial world. Your budget will change, your spending priorities will change, and your long term financial planning will change as well.
Another aspect of your financial responsibility towards your children is teaching them about money and personal finance. There are different techniques for doing so, but many parents have found that a direct approach – actually getting children to make financial decisions for themselves – is the most effective. This has traditionally been done by giving the child an allowance each week or month.
Here are some... Kids Allowance
Do you have a child? When you are teaching them about right and wrong, throw in a lesson or two about money. Here is some advice on how to teach them about it.
Money is important in the world because it is how things are bought and sold. Money, in and of itself, doesn’t bring security but knowing how to use it does. Even at a young age, if your kids can handle doing chores around the house, then maybe it is time for them to have an allowance. Even with the economy, you don’t have to go overboard with...
Thursday, March 11th, 2010
Do you have a child? When you are teaching them about right and wrong, throw in a lesson or two about money. Here is some advice on how to teach them about it.
Money is important in the world because it is how things are bought and sold. Money, in and of itself, doesn’t bring security but knowing how to use it does. Even at a young age, if your kids can handle doing chores around the house, then maybe it is time for them to have an allowance. Even with the economy, you don’t have to go overboard with... 
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