AOA 058: What is The Art of Allowance?

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“We as parents will do our best to find a system that works well for our families. That is The Art of Allowance.”

— John Lanza

Just what does the phrase “The Art of Allowance” really mean?

Welcome to another Art of Allowance Podcast short! I’ve been seeing and hearing a lot of opinions about why an allowance is good or bad out there on the interwebs. So I recorded this brief episode to give you a broader perspective about what an allowance is and why I believe the art of it matters.

Please reach out to let me know what you think of these audio nuggets. I hope you enjoy this format, as I plan to produce more shorts that I’ll intersperse amongst the conversations to which you already listen. And as a heads up, I include access to our social accounts and weekly newsletter, “3 Ideas to Share & Save,” in the “Links” section below.

Links (From the Show)

Show Notes (Find what’s most interesting to you!)

  • Employing an effective and a purposeful allowance [0:32]
  • The great allowance / chore debate [3:02]
  • What is the value of an allowance? [4:30]
  • Adopting a “yes / and” perspective [5:05]

If you liked this episode …

Want to know more about author David Owen’s allowance system? During his appearance on The Art of Allowance Podcast, David offers an interesting take on working in high school and the “life lessons” that kids might learn. Listen in at 47:04 for his thoughts.

Interested in more money-smart nuggets? Tune in to my first Art of Allowance Podcast short episode, “No Single Point of Failure,” which is an audio version of my short essay of the same name. In both pieces, I discuss how we can optimize the three major financial socialization systems to best ensure our kids grow up money-empowered.

Please Subscribe

If you like this podcast, then please give us a review and subscribe to the show. The Art of Allowance Podcast is available on iTunes, Spotify, Stitcher, Radio Public and now Amazon Music. Subscribing is free, and it will help me produce more enriching content for you to enjoy. Thanks!

You might also want to check out The Art of Allowance Project, our reimagined program to get your children excited about money smarts at any age. Until next time, I wish you and your family well as you journey forth.

Thanks for listening!

John