Kids and Allowance: Money-Smart Habits in Action

In our previous episode, John Lanza, author of The Art of Allowance, shared some ideas about kids and allowance that probably made a lot of us scratch our heads.

He told us that the traditional practice of giving allowance for chores was not a good way to teach kids about managing money or work ethic.

He also explained what a breakthrough allowance is, and how as kids get older they should get as much as $100 in allowance!

These ideas may seem crazy at first, but they work in unexpected ways. Listen to what happened when I implemented these money-smart habits with two of my kids.

When kids are the stewards of their own money, they become discerning, proactive, and empowered. #parenting #kids #children #chores #allowance #money #finance Click To Tweet


How to Raise Money-Empowered Kids with John Lanza

The Easy and Effective Way to Budget for Your Goals with Jesse Mecham

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  1. […] and about the amount of money children should receive as allowance. Our conversations ended with his adjusting his own allowance program, and he shares how those changes are working for him during this episode. We also delve deeper into […]

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