How We Help Our K-12 Children Manage Money
It is a new year with opportunities for growth and understanding for all. Many families redefine chore responsibilities with the start of each new year. Families also discuss the relevance of an allowance to help their children learn how to save for treasured purchases. Some families provide a weekly allowance for being a family member while others tie the allowance to a list of household chores. Many families also encourage their children to take on significant household responsibilities that may include weekly grocery shopping, yard work, painting, and housecleaning to earn extra money for specific needs they may include hobbies, sports camps, sporting equipment, school sponsored club trips, and clothing purchases. For example, some students start making crafts for crafts fairs or sell their products on online websites. [Read more…]