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PostsThis is part 2 in my free 10-day Financial Literacy For Kids 101 series.
Let’s dive into the pros and cons of giving an allowance for kids and how to avoid raising an entitled child.
It’s time to find out whether or not your should give your child an allowance plus a secret allowance for kids alternative that will shock you!
Giving an allowance for kids is a very personal decision and one that has a lot to do with how you were raised yourself around money and it also has a lot to do with how your family budget is at the moment.
Some families just can’t afford to give their kids an allowance. And that’s not necessarily a bad thing.
Other families can easily afford to give an allowance for kids but choose not to because they want to build a good work ethic in their child.
Who is right?
It may not be a cut and dried issue to solve however it really doesn’t need to be nearly as difficult a choice as you might think.
Did you know that there are different kinds of allowances and even an allowance alternative that you could use for your child to help them learn about money and becoming a master of their money?
It’s true!
I reached out to over 25 of the top parenting and entrepreneur experts in my field of kids financial literacy and asked them each to share with me their personal thoughts and suggestions on the subject so I could better serve you.
One even gave me quite an amazing and intriguing allowance alternative!
I was overjoyed with gratitude. Everyone was so generous in their suggestions and their reasons behind them.
So I decided to share some of those suggestions in the video below to walk you through figuring out if you should give your child an allowance or not (as well as the alternative allowance method) so you can find one that will work best for your family.
Make sure you take notes and after you watch the video above let me know in the comments below whether you decide to give your child an allowance or not and why that will work best for you and your child.
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*** NEXT LESSON: How To Make Money As A Kid (Coming Soon…)
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What was your biggest ah-ha moment from today’s video lesson? Let me know in the comments below…
