Teaching your kids about money

Jill - posted on 07/25/2009 ( 1 mom has responded )

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I have 3 girls one is a saver, one is a giver/spender and the other is just learning.

How do you teach your kids about money? Do you give them allowance? How much?

What if you can't afford allowances?

Do you give them money for every chore they do?

Do you teach them the Save, Give and Spend method?

I'd like to hear some of your ideas and what works with the child who spends her money as soon as she gets it.

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Mama Zuzi - posted on 07/31/2009

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We give allowances if the kids are willing and helpful with what we ask them to help with during the week (recycling, laundry, cleaning and the like). If they are unhelpful, they don't get allowance. We heard not to give for every chore. We want to try to start the save, give and spend method.

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