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Allowances
A great article that offers advice on helping your child to become a financially
responsible consumer. These tips are down to earth and seem like they would be easy
to implement with just about any child that gets an allowance for doing household
chores.
Link: Allowance and Spending Decisions Brought to you by National PTAŽ
Interesting ways to help your children learn responsibility with their finances.
This article focuses on being consistent, and not rescuing your children when there
is nothing left in their piggy bank.
Link: Allowance Tips: Good Money Management Begins with an Allowance Brought to you by the National PTA®.
A non-traditional look at allowance and how children earn it. Discusses different
ways to award allowance, and the pro's and con's of each. Introduces the idea a
prepaid card for your teens allowance.
Link: The Give - It's not just what you give for an allowance, it's how you give it. A primer.
A well written article that suggests that parents should put more focus on practicing
what they preach when it comes to making good financial decisions. Teens are more
likely to do as their parents do, not as they say and this is especially true when
it comes to money.
Link: How to teach your kids the value of a dollar
The Mint takes a look at several different approaches and concerns when it comes
to doling out allowance to your children. A look at both sides of the chores or
no chores debate as well as a frank discussion about rewarding kids for checking
jobs off of the chore chart.
Link: Allowances: The Issues
A survey of New York teens and how their parents deal with the whole allowance issue.
Some are required to do household chores while others tend to have free reign when
it comes to Dad's billfold.
Link: The Ways & Means of New York Kids - A mini-poll on allowance.
Managing editor of Parenting Magazine, Mary Mohler suggests involving kids in the
family budgeting process. While it is not necessary to tell all, she does think
that it is important to let teens become as involved as possible in the family finances.
Link: I NEED IT, MOMMY!
A funny article that challenges the thinking of so called "child experts". Debates
handing over money for nothing, or letting kids earn it the old fashioned way. This
article will have you dusting off the chore chart just in time for your kids next
payday.
Link: Allowable Allowance
Rexanne Mancini discusses paying for good grades as well as a regular weekly allowance.
Her children pay themselves first through a savings account, and the end result
has been a family of financially responsible kids.
Link: Children's Allowance
A thorough look at everything relating to your child's allowance and the pride that
kids can feel when they learn to save up for what they want. This site has some
great teaching tools, and a variety of money related products that can be used to
boost your teens awareness of their bottom line.
Link: Raising Money-Smart Kids: Allowance and Savings
Shannon Wakeland writes about the importance of an allowance, and how it can help
a child to have an established routine of chores. Wakeland also focuses on teaching
children the difference between wants and needs.
Link: The Importance Of Allowance
The main theory throughout this article is discussing with the child what is required
of them in order for them to receive their allowance. The author suggests using
a contract or a chore calendar in order to keep the child on track and up to date
with their household responsibilities.
Link:
A great article about determining the amount of allowance that your child receives,
as well as what they will be spending that money on. The author suggests setting
the allowance at an amount that will be sufficient for your child's needs, but leave
them needing to make decisions as to their wants.
Link: Teach children money skills with an allowance - Parenting Jet, June 30, 2003
The author discusses different approaches to the great allowance debate. How much
and how old are the age old questions, and you can find the answers here. The author
also discusses the proper time for a teen to get a part-time job.
Link: Allowance and Money Management Encyclopedia of Childhood and Adolescence
An article that covers everything relating to your kid and money. This article has
a great chart that breaks down what other parents are paying their kids according
to age. Check it out to see how you are doing when it comes to funding your child's
piggy bank.
Link: Give Your Child a Foundation for Managing Money
A common sense approach to your children and their allowance. Dali Singh suggests
adding more responsibility as the child seeks more independence and encourages the
parents to let their children learn financial responsibility by setting a good example
for them.
Link: Teaching Kids About Money - Allowance 101
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