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Allowance

Got Kids In Grade School? Start Their Financial Education Now!

Carrie Schwab-Pomerantz, CFP | Posted 10.27.2014 | Money
Carrie Schwab-Pomerantz, CFP

The new school year is just around the corner, and as I think about the importance of financial education, I want to remind all parents -- and grandparents -- that it's never too early to help kids learn about money.

Can Giving an Allowance Ruin Your Child?

Daniel Britton | Posted 08.18.2014 | Money
Daniel Britton

It may be a little controversial, but I don't believe parents should give their kids an allowance. Whilst I fully support children having and managing their own money, it is the ritual entitlement that is, in my view negative.

Fine Young Philanthropists

Varda Epstein | Posted 04.27.2014 | Impact
Varda Epstein

Kids are being taught at home and in their schools about the meaning of giving. Apparently, doing nice things for others makes kids smarter, happier and more successful, too.

5 Signs Kids Are Struggling With Entitlement

Kristen Welch | Posted 04.09.2014 | Parents
Kristen Welch

Parenting is hard. Doing it in our culture is even harder. But it is possible to raise grateful, hard-working kids who put others first.

Parents: Teach Your Tweens and Teens About Money

Neale Godfrey | Posted 03.17.2014 | Parents
Neale Godfrey

Remember that kids learn from watching parents -- be aware of the messages you send and the examples you set. You should have a family budget, and include your teens in regular money meetings. Your meetings should be practical and informative. Be transparent.

Mommy, Does Money Grow On Trees?

Natalie Pace | Posted 01.23.2014 | Business
Natalie Pace

Yesterday, at the farmers market in Santa Monica, Calif., I saw a young, beautiful mother shopping with her adorable 5-year-old daughter. The daughter reached into her purse, pulled out a $5 bill and paid the vendor for a basket of organic strawberries. There are so many great lessons here, almost too many to count.

Allowance and Kids: What Parents Should Think About

Claire McCarthy, M.D. | Posted 01.23.2014 | Parents
Claire McCarthy, M.D.

It wouldn't occur to me to give a kindergartener an allowance. Which illustrates an important point about allowances: every family does them differently.

Teens' Chores: What Are They Worth?

Women & Co | Posted 09.25.2013 | Parents
Women & Co

All year, we give and give and give to our kids. Teens, with their growing sense of independence, are looking for ways to make some money. So, when they help around the house during summer break, should they get paid?

5 Strategies To Teach Young Kids About Proper Money Management

Women & Co | Posted 10.31.2013 | Business
Women & Co

Unfortunately, personal finance courses are not taught in schools, so it's completely up to you -- and the earlier you begin the process, the better chance your children will have to grow up into responsible, thrifty young adults.

3 Ways To Stop The Nagging

LearnVest | Posted 07.08.2013 | Parents
LearnVest

Like water dripping from a leaky faucet, a kid's constant nagging can be annoying and almost impossible to ignore, but giving in can have real financial consequences.

Preventing Bankruptcy Before Preschool

Marjoriet T. Matute | Posted 06.12.2013 | Business
Marjoriet T. Matute

As I stir my morning coffee, I can hear the television downstairs in my parents' apartment, the morning news is going over the financial status of our...

7 Ways Money Memories May Affect Your Finances

LearnVest | Posted 04.27.2013 | Women
LearnVest

As children, we begin to form our beliefs and attitudes about money through value-laden messages that are passed on to us by our parents, grandparents and society.

Should I Give My Kid A Virtual Allowance?

Common Sense Media | Posted 04.21.2013 | Parents
Common Sense Media

When I brought up the idea of allowing our son to spend his $1 per week allowance on his favorite game, my husband was flatly against it. If our son doesn't hold the dollar in his hand and pass it over to a cashier or slip coins into a slot, how will he understand that the money is no longer his?

How You Can Help Your Family's Finances In 10 Minutes

LearnVest | Posted 03.10.2013 | Parents
LearnVest

The New Year is a time to conquer any traces of "put-off-ability," because the longer you put things off, the more you'll continue to put them off. Admittedly, some of the tasks that get pushed off the longest are the ones that can help your financial life.

Get Married, Stay Home and Take It Easy OR Go to Work?

Gina Barreca | Posted 02.16.2013 | Women
Gina Barreca

I was scared by my mother's life. I never wanted to have to ask anybody to foot the bill for my rent, my food, my clothes or my education.

Allowance on Autopilot

Beth Kobliner | Posted 02.09.2013 | Money
Beth Kobliner

There's a new twist on allowance that has emerged over the past few years: Instead of handing kids a few dollars each week, parents -- and kids! -- can simply visit one of many websites, just as adults manage their own banking online.

Allowance, Modern Family and My Family

Beth Kobliner | Posted 01.27.2013 | Parents
Beth Kobliner

Giving allowance is an American tradition that picked up steam before the start of the 20th century. As there was more stuff for youngsters to buy, child-rearing experts started to tout allowance as a way to instill good spending habits.

New Rules for Your Kid's Allowance

Beth Kobliner | Posted 11.05.2012 | Money
Beth Kobliner

If it's "their" money, shouldn't they be rewarded for saving by being able to buy what they want? Er... no. We wouldn't allow our kids to buy endless amounts of tooth-rotting candy, would we?

At What Age Should A Kid Get An Allowance? From Trae Bodge (WATCH)

Posted 08.21.2013 | MarloThomas

When is the best time to start teaching kids about finances? Trae Bodge, Senior Writer for The RetailMeNot Insider, advised that parents should start ...

Kids Get $65 A Month In Allowance

The Huffington Post | Alicia Ciccone | Posted 08.24.2012 | Money

Gone are the days of piggy banks. Kids these days just aren't saving much. According to a recent survey by the American Institute of CPAs, kids th...

Six Important Lessons for Financially Fit Kids

Jeanette Pavini | Posted 09.16.2012 | Money
Jeanette Pavini

Why not pay kids for extra jobs that can save you time, like washing the car or mowing the line? Show them the value of hard work. Allowance should be earned, not expected.

This Father's Day, Teach Your Kids Financial Responsibility

Jason Alderman | Posted 08.13.2012 | Parents
Jason Alderman

Father's Day is when children traditionally express love for their dads. Show how much you care in return by starting them out with a healthy, realistic attitude toward personal finances.

How My Son Teaches Me About Money

LearnVest | Posted 06.23.2012 | Parents
LearnVest

As parents, we spend a lot of time trying to teach our kids the dos and don'ts of being financially savvy, yet we often overlook the lessons they can teach us.

The Worst Money Lessons I Learned From My Parents

LearnVest | Posted 06.12.2012 | Parents
LearnVest

Talking about money doesn't have to be shameful. In fact, it's often very helpful. I never want my daughter to think she has to hide her flaws, whether it's a bad credit score or something else.

The Great Allowance Debate

Beth Kobliner | Posted 06.04.2012 | Money
Beth Kobliner

With discussion, consistency and some sensible rules, an allowance can be an important tool for teaching your kids about money -- and getting them to stop pestering you for handouts all the time.