AOA 058: What is The Art of Allowance?
In this short episode, host John Lanza discusses the term “allowance” and why the art of it matters.
AOA 052: No Single Point of Failure: Making Sure All Financial Socialization Systems Are Go!
As with a plane’s flight systems, we need all three major financial socialization systems operating effectively and with sufficient redundancy in order to best ensure our kids grow up money-empowered.
Help Your Kids Avoid the “Envelope Surprise”
When Sarah opened her envelope, she read the following: 1-7-5-0-0-0 Six numbers later, her life had changed. These were not winning lottery numbers. Far from it. This was Sarah’s debt …
Setting SMART Goals with Your Kids
Setting monetary goals is a great way to introduce children to the important life skill of goal setting. Learn how to make these goals SMART on the journey to money empowerment.
In “The Age of Self-Sufficiency,” Having Money Smarts Is a Survival Skill
With passive financial security going or gone coupled with the unethical behavior of some financial institutions, we parents must act.
Start an Allowance to Begin a Lifelong Money Conversation with Your Children
An allowance can help your child develop many skills: learning the difference between needs and wants, setting and saving for goals as well as making smart money choices. Perhaps, though, one of an allowance’s less obvious benefits is that it prompts a hopefully lifelong money conversation with your child.
Why Is Financial Literacy Important and What Every Parent Needs to Know About It | Hint — Starting Early Matters
Parents can and should begin teaching their kids financial literacy before they enter kindergarten. Every parent can and should take an active role in teaching kids financial literacy.
How Much Allowance Should I Give My 12-Year-Old?
So you’ve been following the one-dollar-per-week-per-age-of-your-child allowance system for a while. However, now you have a tween, and you feel that the time has come for her allowance to mature …
3 Easy Ways to Set Up an Allowance for Kids that Works Week After Week
“Everything we tried never seemed to work…As they got older, we tried to really tie it to more chores. But then what would happen was they would do some of …
This Is Why Your Kids Need an Allowance and Why Most Allowance Programs Don’t Work
Ask a parent (ANY parent) if she wants to raise a money-smart kid, and she will answer “yes” 100 percent of the time. We all want our children to have a healthy relationship with money, but most of us don’t know how to foster this connection.