“Allowances have long been seen as the most effective, long-term way to educate your kids about money, with an eye towards readying them for making smart money decisions in the future.”
– Sophia Surrett, HerMoney
Chief Mammal John Lanza recently spoke with Sophia Surrett about using an allowance to raise money-smart kids. The article that resulted from their conversation was published on Jean Chatzky’s HerMoney website.
Surrett’s piece also addresses additional topics, including:
- the value of entrepreneurial learning
- the benefit of avoiding vacation souvenir shopping madness
- the importance of engaging your children early and often when it comes to money