It's pretty hard to learn about money if you don't have any. Consider using an allowance to teach your kids about financial responsibility. And if what you really want is to teach about money - do not tie that allowance to chores it will distract from the lessons of money.
Contributed by Jody McVittie Do you have questions about how to teach your children about money? When do you start allowance? Do you link it to chores? How much do you give them? How do you teach generosity? The simple answer is that YOU get to decide. Here are some suggestions – and you get to choose how to make it work for your family. Why give children allowance? To teach them how to make mistakes with money. That sounds funny but it is a helpful thing to remember when your child wants to buy a small toy that you [...]