In a recent interview with People magazine, Senator Obama lists “allowance” as one of their families seven “Obama House Rules.” Both daughters receive allowance the traditional way, money for chores, and dad acts as the bank. Continue reading

A grandfather wrote to me about his 11 year old grandson whose parents did not give him an allowance because they say that their son was too busy with sports and school work and doesn’t do anything around the house. He asked what he could do as a very concerned Grandparent to help his grandson to become financially savvy without interfering. Continue reading

According to a recent online poll conducted by TheMint.org, men are three times more likely than women to raise their children without an allowance. And when asked how much they would give a 10-year-old, men are four times more likely than women to say “zilch.” Continue reading

As adults, credit and debit cards are a convenience we’ve all learned to rely on daily. But what are your children learning when you pull out your credit card? Watching parents use credit cards is the most visible money behavior our children see. But our children aren’t ready to use credit and debit cards – not just yet. They first need to learn to use coin and currency responsibly.

However, today’s kids are not getting the opportunity to do so. Continue reading