Kids and Allowance: Money-Smart Habits in Action
In our previous episode, John Lanza, author of The Art of Allowance, shared some ideas about kids and allowance that probably made a lot of us scratch our heads. He told us that the traditional practice of giving allowance for chores was not a good way to teach kids about managing money or work ethic. He also explained what a breakthrough allowance is, and how as kids get older they should get as much as $100 in allowance! These ideas may seem crazy at first, but they work in unexpected ways. Listen to what happened when I implemented these money-smart habits with two of my kids. For the show…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.