Money

5 reasons to give kids an allowance

January 22, 2017
in Kids

For many years of my life, I didn’t know this truth. On the contrary, I believed that more money was the answer. I was convinced that if we just made more money, won the lottery or received some unexpected inheritance, all of our money problems would vanish. But the more we made, the worse our problems became. Because I didn’t know how to manage what we had, more would have never been enough. We didn’t save. We didn’t give. We didn’t plan. And we had no idea where all the money went. Unless your children learn simple wise money management techniques, more money will never be enough. The simplest way to get started building financial intelligence in your kids’ minds and hearts is by putting them on an allowance and requiring them to either suffer or enjoy...

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