~ so your kids grow up financially savvy.
- Ever get sick and tired of kids begging for one more thing?
- Ever feel taken for granted because your kids don’t appreciate all you do and buy for them?
- Ever wish your teenager was more responsible with money?
- Ever wish your children had a little more patience and stop expecting things RIGHT NOW?
If you answered yes to any of these questions, my advice to you is give them an allowance. It’s as important as teaching them to swim.
Having an allowance will teach your children how to manage, use, save, spend, and value money. And, maybe most importantly, they will learn delayed gratification—a lost skill in this age of instant everything.
Growing up with an allowance means your children have a much better chance of managing their future finances responsibly. When children have their own money to spend, they soon learn the value of what they spend it on. A tempting toy that breaks the first day becomes a lesson in quality. Spending the wad on candy means there is nothing left for anything else.
You will no longer spend time and energy arguing over what you will and won’t give them money for. When you hear, “But Mom, everyone else has one,” you can say, “Great. How long do you think it will take to save up for it? Let’s figure it out.” When they beg for more money, you can say, “You’ll have it with your next allowance. I know it’s hard to wait.”