April is Financial Literacy Month. In honor of this important month devoted to increasing financial knowledge and increasing the recognition of the importance of financial empowerment, I have updated a post on allowances and included some additional resources for parents.
Read MoreMy husband and I went back and forth deciding whether or not to give our girls allowances. The main sticking point was that we did not want to pay our kids (or train them to expect payment) for cleaning up after themselves and contributing to the family. At the same time, how many of us work for free, you know? The other thing that delayed us was deciding on all the details (e.g., How much to give them? For what?). Eventually, with my oldest turning eight, it seemed time to take the plunge…
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