For years adults have been asking me about what to do about allowance.  When do I start?  How much should I give my kids?  What if I can’t get money to my kids each week and on time?  Will I fail before I start?

My friend, Sandy Waters with the Seven Figures Podcast, a smart money strategies podcast for women, has started a new segment called “A Seat at the Kids Table” where I get the chance to answer questions about kids and money topics each week.  The first topic?  You guessed it – Allowance!

Here is a video of that podcast segment and my thoughts about allowance (Spoiler alert: I’m a BIG fan! 😉).


Feel inspired to get an allowance going with your own kids?  Here are a few FREE resources from our website to help you get up and running:

Conditional Allowance Contract:

Clothing Allowance Contract:

Smart Phone Allowance Contract:

If you do get allowance started with your kids, then tell me how things are going.  Or if you have questions or stories of allowance successes and/or challenges, please add them as a comment below.  I would love to hear from you and help if I can!

Listen to full Seven Figures Podcasts with Sandy Waters: CLICK HERE

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Written by Susan Beacham
Susan Beacham founded Money Savvy Generation in 1999 after almost two decades in private banking and investment management complemented by considerable time teaching at the elementary level.

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