Kids and Allowance: Money-Smart Habits in Action
In our previous episode, John Lanza, author of The Art of Allowance, shared some ideas about kids and allowance that probably made a lot of us scratch our heads.
He told us that the traditional practice of giving allowance for chores was not a good way to teach kids about managing money or work ethic.
He also explained what a breakthrough allowance is, and how as kids get older they should get as much as $100 in allowance!
These ideas may seem crazy at first, but they work in unexpected ways. Listen to what happened when I implemented these money-smart habits with two of my kids.
[bctt tweet=”When kids are the stewards of their own money, they become discerning, proactive, and empowered. #parenting #kids #children #chores #allowance #money #finance” username=”gooddadprojct”]
RELATED EPISODES:
How to Raise Money-Empowered Kids with John Lanza
The Easy and Effective Way to Budget for Your Goals with Jesse Mecham
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