Posted on Thursday, Nov 07, 2019 by Skip & Amy

Save

Parents typically pay their kids $30 a week for allowance. They believe children should help with chores for at least an hour a week to earn the money.

What happens after you hand over that money? Most parents admit you’re not guiding your children on making smart money decisions and most kids would rather not save their money (it’s burning a hole in their pocket). 

Do you believe in allowance and how do you use it as a "money lesson" opportunity?

Tags

Kids

Get exclusive content, free tickets and new songs!

K-LOVE is a 501(c)3 and all donations are tax deductible. Employer ID Number: 94-2816342

© 2022 Educational Media Foundation, All rights reserved