Even though the economists say finances are shaky around the world and in the average home, opportunities are still everywhere. You can see them in flat-screen televisions, college degrees, toys and restaurants with big flashing signs. Your child will make choices about the opportunities he encounters, which means part of your financial lessons have to […]
-
3 Tips for Making Allowance More of a Challenge
Chores, kids & budget, kids & money, Kids Allowance, kids savings, teach kids about money
Allowance is one of the most debated topics when it comes to teaching children financial literacy. A huge part of the controversy is whether the allowance is challenging enough—that is, whether it teaches entitlement. If you don’t plan on connecting allowance to chores (read more about the allowance/chores connection), it might be a good idea […]