we are on our way to change (yay!), but the financial crisis still looms - kids and money go together like peanut butter and jelly.
time to start teaching our kids about the mighty dollar.
there are so many different ways that people look at allowance (chores vs. no chores), when to start giving it (i say first grade), but the simple fact is that kids can't learn about money if they don't have any.
a great rule of thumb is that whatever you decide to give them should be divided into 3 equal parts for spending, saving and sharing. (the sharing is for DONATING, in case you didn't get that) and as far as i'm concerned, the saving is for them to decide and when they don't save and they wish they had, they'll figure it out pretty fast.
the lesson: it's all in their hands. doling out responsibilities will give them a chance to rise to the occasion.
***added bonus: no longer feeling like a bottomless pit (wallet).
