Allowance is a fantastic way to teach kids about money, and money management. It gives them the opportunity to make some financial decisions for themselves. It also helps them learn the value of money. Money seems to grow on trees when it is someone else's, but when it is yours, … [Read more...] about How Much Allowance is the Right Amount?
Fifteen-year-olds do not turn into crazed consumers overnight but there is hope. Recently a mother was shocked and bewildered when her son demanded she buy him the latest gadget while cursing and swearing at her. She felt hurt and threatened. She is not … [Read more...] about Peer Pressure and Allowance
Money management skills are not an innate gift that is given to all of us. We must learn and be taught these important life lessons by experience. It is during one's teenage years that these principles of money management start being taught with great emphasis because it is … [Read more...] about When Should I Start My Teen's Allowance?
When it comes to teens and their allowances parents know that they must tread softly. To teens, the ability to buy what is fashionable, fun and entertaining is almost defining to their personality (or at least what they want to project as their personality). Teenage years … [Read more...] about Need to Know: Allowances and Teens
You want to give your child allowance, but aren't sure how much to give? Well, consider the following:1. What are they going to have to pay for with the allowance? If you are giving them allowance, and you expect them to pay for their clothes, their fun, and their school lunches, … [Read more...] about Formula for Figuring Best Allowance