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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 PTA®
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: What to consider when setting your child's allowance - Parenting Jet,
March 22, 2004
-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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