Questions about kids and money:
- Should kids get allowance?
- If so, should the allowance be tied to chores, grades, or other performance?
- Should allowance be given without any attachment, just because they are part of the family?
- What about purchases children want, beg for?
- What if I negotiate/bribe/etc., to give them money if they do what I want them to do?
- How do I teach my child financial responsibility and making wise choices?
Given that there are many things we want to teach our children about money, there have to be different strategies used at different times to succeed. There is never one right answer for all kids at all ages. [Read more…] about Teaching Kids about Money