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Kids and Money:
Allowance and Spending Decisions

Read these tips for teaching kids how to manage their allowance and make responsible spending decisions.
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Posted by NicoleD
July 5, 2009 3:20 PM
Kids and money
Kids Money
I never let my kids turn me into their personal ATM machine or banker when we are shopping. If they want something, they must use their own money to buy it. If they forgot their money, my kids know that they will have to wait until they have their own money to purchase the item. I also play money games with my kids to familiarize them with other financial concepts. I see very few posts on this important point—games reflect and teach life concepts. The best games for teaching money to kids is fastmoney at www.thefunmoneygame.com or monopoly. FastMoney, unlike monopoly, won’t take an entire day to play!
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Posted by Amrapali
November 7, 2008 1:44 AM
share more on money mangement tips for children
Excellent read. In the recent times of a looming recession, parents must instill in their children the habit to save and spend in a disciplined manner to make them financially responsible citizens of tomorrow. You can read about more tips on money management and children on http://www.controldebt.org/blog/post/Money-Management-and-Children.aspx
274 people found this comment helpful