Top Twenty+ Reasons to give your Kid an Allowance

They learn how to handle moneyParents all struggle with allowances. Should we just give them money? Should we only give them money if they do chores? How much should we give them?

I’ll be answering all these questions and more in my all new “5 Reasons to Give your Kid an Allowance” ebook.

While you wait, here’s a bunch of good reasons to give your kid an allowance. Feel free to add your 2 cents worth!

They'll cost more later if they don't handle money wellnn 1. They can make mistakes under your guidancen 2. They will learn how to save for the futuren 3. They will learn that money doesn’t “grow on trees”
4. They will appreciate what they haven 5. They will learn to make choices and set prioritiesn 6. They may stop nagging you for moneyn 7. There will be less friction in your householdn 8. They will learn healthy financial behaviorsn 9. They will learn your valuesn 10. You can teach them that it isn’t all “about the money”
11. They will learn how to spend wiselyn 12. They will be prepared to enter the grown-up world.
13. Allowances will teach your children to be resourceful, independent and unique.
14. An allowance is a “tool to empower your children to avoid commercialism’s clutches.”
15. You can teach them to avoid the pitfalls of debtn 16. You can help them improve their communication skills around money.
17. An allowance now could help them avoid future “marital money chaos”
18. They’ll learn the difference between quantity and quality.
19. They’ll learn how it feels to make a poor choice and have to live with it.
20. They’ll learn how to resist impulses (sometimes, maybe!)
21. They’ll learn to appreciate and take care of their thingsn