Allowance

How much green should you give your tween?

Lisa Steinke — Fri, 15 Mar 2013 12:00:00 -0700

Lately, you’re starting to feel more like your tween’s ATM than her M-O-M. So how much money should you be giving her? Or should she get a J-O-B?

Teaching children to manage their allowance

Vicki Clinebell — Mon, 01 Oct 2012 01:57:00 -0700

How do kids learn the basics of money management? Start with their allowance to teach them responsibility and budgeting!

Kids' allowances: What's a reasonable amount and at what age?

Kori Ellis — Mon, 01 Oct 2012 01:23:00 -0700

According to a national survey recently by the American Institute of CPAs, the average allowance for kids in the country totals $65 a month -- $780 a year. For some families, that number might seem low, while for others, it's astronomical. A variety of factors come into play when setting your child's allowance.

Mom vs. Dad: The allowance debate

Lisa Steinke — Thu, 10 May 2012 10:00:00 -0700

You grew up in a home where you earned a weekly allowance. Your husband on the other hand? When he was growing up, being paid for chores was a foreign concept. He was told that he was earning his keep. And now you can't agree on how to teach your kids the value of a dollar. So what to do? Read on for a list of the things your spouse should consider when debating if allowance is right for your child.

Should money be a reward?

Lisa Steinke — Mon, 23 Apr 2012 12:00:00 -0700

Tax day has come and gone but no doubt, money is still on your mind. Why not take this time to teach your child the value of a dollar -- or more specifically, the value of earning a dollar? When deciding how to educate your kids about money, important questions come up: Should you pay your child an allowance for doing household chores or should he do these tasks without compensation because he's "earning his keep"? And when it comes to a job well done like receiving an "A" in school, is it OK to offer money as a reward? Find out how parents and experts weigh in on teaching your child the value of a hard-earned dollar.

Teaching kids the importance of saving money

Christina Holt — Tue, 17 Apr 2012 11:00:00 -0700

Teaching kids the importance of money choices and the act of saving money are essential parts of learning and growing. The values and responsibility parents instill in their children -- even at an early age -- can help form their view of money and how to control their impulses, both financially and in other aspects of life.

Mom Blogger Face-off: Do you give your kids an allowance?

Audrey McClelland — Mon, 16 Apr 2012 08:00:00 -0700

Do you expect your kids to help out around the house? Or do you reward them for keeping up with their chores? We're talking allowance today!

20 age-appropriate chores

Michelle Maffei — Wed, 03 Nov 2010 11:12:00 -0700

While some children are more eager than others to help out around the house, giving your kids chores helps teach them responsibility and gives them a chance to earn an allowance or reward. Looking to give your youngster more responsibilities? Discover how to track chores, determine rewards for chores and assign age-appropriate chores.

5 Common money mistakes moms make

Kim Grundy — Mon, 09 Aug 2010 00:02:00 -0700

From racking up credit card debt on your daughter's designer clothes to neglecting your retirement fund, financial experts share the top money mistakes moms make. Find out how to take charge of your family finances now so you can build up a nice nest egg for retirement later.

Should you tell kids about family finances?

Jen Klein — Mon, 05 Jul 2010 23:17:00 -0700

Money matters are a dicey topic, especially in families. So many of us were taught not to talk it because it's not polite, yet we need to learn how to manage it and we need to teach those skills to our kids. At the same time, kids aren't always able to understand the whole picture of a family's finances. Even when trying to teach our kids about the power of money, and managing it and saving it and investing it, when is the the right time to give them the low-down on what your specific family brings in and spends every month?

How much allowance should your kids get?

Jen Klein — Tue, 13 Apr 2010 08:45:00 -0700

Learning to manage money is critical to life success, and ideally it should start young. For many kids, this starts with allowance. But as a parent, when do you start giving allowance and how much? Do you tie allowance to chores? And does the national economy affect your child's allowance?

How should kids spend allowances?

Jen Klein — Thu, 12 Nov 2009 12:25:00 -0800

Many parents give their children allowances to introduce principles of money management. Sometimes, allowance is tied to chores around the house, and sometimes not. No matter how or why, though, allowances involve another issue: Should you, as the parent, have final say in how your child spends his allowance money?