“Teaching kids about money is an opportunity to share your values around what you think matters, whether that’s frugality, paying yourself first, or charitable giving and how much.”
– John Lanza
Chief Mammal John Lanza recently spoke with Joanna Nesbit about navigating allowance in the digital world. The resulting article, which also featured commentary from fellow money expert Beth Kobliner, was published on Jean Chatzky’s HerMoney website.
Lanza and Nesbit discussed topics such as:
- the argument for not tying allowance to regular chores
- when and how to start allowance
- increasing financial responsibility with age
- what to do if parents feel unskilled with money