Foster children have very specific needs when it comes to learning about finance because they typically don’t have the same resources available to them that biological kids in stable homes do. These children shouldn’t be left by the wayside. Foster children often come from homes where money was scarce or the source of conflict. They […]
Allowance Alternatives for Your Kids
Allowances are one of the most hotly debated elements of financial education for kids. In one corner, parents advocate them, because having real money available can make it easier for children to save, spend, give to charity and learn basics like how to budget. Critics shoot them down, claiming that they essentially teach kids to […]
Should Your Child’s Allowance and Chores Be Connected?
Giving kids an allowance is a tried and true method of introducing children to financial responsibility. At the same time, kids also need to learn how to perform basic self-help tasks and take care of their belongings. In some households, the line between allowance and chores becomes blurred, with parents or caregivers only handing over […]