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.
Shift the focus from things to experiences and rituals with great advice from New Dream.
You can use your allowance to help instill values you’d like to see in your kids.
In this second installment of our shorter-format episodes — which we call “Small Change” — I explore the term “money-empowered.” This concept is a stated goal of The Art of …