Tuesday, August 28, 2007

Do Your Kids Get an Allowance?

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I’ve got three kids and I’ve got to tell you its entertaining watching them with their money. Whenever my kids get money for chores or birthdays they are very different in their habits. My oldest has to spend his almost immediately. My middle child needs to take her time shopping, but she is going to spend it, and my youngest is tighter than Fort Knox.

What if instead of spending their money children learned to save it and actually plan and manage their money? Too many people get involved in the parenting debate about ways to teach kids about money when they don’t have to because there are tons of resources out there including free information sites like PAYjr.