The ability to manage cash flow is an extremely important skill for everyone. If you can help your children develop this skill you will give them something that will benefit them for the rest of their lives. The first problem in teaching this skill is that kids have no cash to manage. So how do you do it? Give them a bit of income. Yep, give them an allowance. The allowance is one of the strongest teaching tools you can deploy in teaching your children good money skills.
The allowance gives you, the parent, a way to teach basic cash …Read More