September 10, 2015

Why you should give your kids an allowance

According to my favorite blog, Squared Away, allowances help kids learn to manage their money. Recent research reports: "Kids between ages 8 and 14 who get an allowance were two times more likely to feel knowledgeable about managing their money than kids who do not – 32 percent versus 16 percent – according to a survey of 1,000 parents and 881 children by T. Rowe Price.  The kids with allowances also feel they know more about credit, student loans, and other financial matters." Read more at: http://squaredawayblog.bc.edu/squared-away/in-support-of-allowances-for-kids/

1 comment:

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