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Kids Allowance

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.

Raise Your Kids to Be Financially Independent

Neale Godfrey | Posted 09.01.2013 | Parents
Neale Godfrey

From the time our children are beginning to crawl we start teaching them about right and wrong, personal safety issues and our family values. Unfortunately, many parents neglect to teach their children one of the most important survival skills they're going to need -- how to take care of themselves financially.

Five Ways to Make Your Children's Allowance Effective

Suzanna de Baca | Posted 06.30.2013 | Parents
Suzanna de Baca

Allowances have been a long-debated topic for years -- and whether parents should provide an allowance, when, how much and what a child is allowed to do with the funds are all important considerations. How can parents really be sure that an allowance is helping their child develop good financial habits?

Five Positive Money Lessons Parents Are Teaching Their Kids

Neale Godfrey | Posted 05.27.2013 | Parents
Neale Godfrey

The best way to make sure that your kids understand the reality that Money Doesn't Grow On Trees is to put them on an allowance and to teach them how to budget their money.

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.

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?

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.