Some good ways to teach kids about money with an allowance…Allowance for Kids – Let Us Know How You Feel
Parents are split down the middle of whether an allowance for kids is beneficial or if it lends to the sense of entitlement so prominent in today’s society. My spouse and I struggled with the same issue while we weighed out the pros and cons of an allowance for kids.
This article will address the pros of allowance giving and a later article will discuss the cons.
It is important for children to learn to value and use money responsibly. For the best possible outcome later, it is best to start this teaching as early as possible. If children grow up with good money management skills, they will never know any other way and are conditioned by habit to have good money morality.