Empowering kids with
budgeting habits: Allowance as a tool for success
“Parents give their
children allowance with the hope that handing them cash will teach them money
management, but most are only learning how to spend it, rather than how to save
it. The average child with an allowance pulls in $65 per month, totaling $780
per year — a sum that provides a child enough money in a year to afford an
Apple iPad or three Kindles and still have money left over.” But Rachel Lowry writes in the Deseret News that “experts say that as
parents work to teach their children money management, shifting the focus away
from entitlement and towards charity can be crucial.” Find out more about how
to guide your child’s values through their allowance at:
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