“Allowance is a tool you give to your kids to learn to become money-smart.”
– John Lanza
Chief Mammal John Lanza returns to the How to Raise a Maverick podcast to discuss getting children started with an allowance to teach them how to share, save and spend smart.
Lanza and host Emily Gaudreau touch on the following points during their conversation:
- Why it’s so important to get money into kids’ hands
- A general rule for how much money to give children monthly or weekly
- Teaching kids how to spend, save and give
- Why allowance and chores need to be separated
- How to get dads on board with an allowance program