Pondering allowances: help me decide how to use an allowance to teach kids about money.
I have been struggling with whether or not to give my daughter an allowance for some time now. Do I pay her for household chores? Do I insist that she save a certain amount, or do I leave saving up to her and let her learn what happens when you buy on impulse and do not have money to buy what you really want or need?
I did some quick research and found unique perspective on helping kids learn about work and getting paid for it with a family garage sale along with helpful nuggets in teaching Money Lessons for Kids.
