“It’s the experience that an allowance affords that allows them [children] to start making smarter money choices.”
– John Lanza
Chief Mammal John Lanza recently joined Art of Allowance Project partner Louisiana Federal Credit Union on its Helping You Get There™ Live Q&A Series to discuss ways parents can set up their kids for financial success.
Watch the full conversation here as Lanza addresses the following questions:
- Is is ever too late to start teaching your child good money habits?
- What advice would you have for parents who are starting with teens?
- What can we do to encourage kids to make better money choices?
- Should allowance be tied to chores?
- Is it better to use cash or an account for a child’s money?
- How important is it for kids to know how to write checks?
- At what age should children start handling money?
- Are there resources that parents can utilize to help guide them when teaching good money habits to their kids?
- How can visualization help children reach their goals?
- How and at what point do you introduce investing?