"Parents cannot effectively communicate their love to a child unless they are also a source of effective authority. "

4 year old, 6 year old Allowance

Question

My husband and I want to start giving our two children (ages 4 and 6) an allowance. We agree that they need to learn to manage money, but he thinks they should EARN the money they manage. He doesn't think it is right to just GIVE it to them. We don't pay them for their regular chores and they aren't quite old enough to do more difficult chores worthy of payment. How can we teach them to manage money and also teach them that money doesn't grow on trees?

Subscribe To View The Answer

Please register and purchase a subscription in order to view the answer. Existing members please log in.

Continue

Return to Previous Page

View All Questions