Allowance is one of the best ways a parent can teach a child about money. It is really the first time your child is learning to budget. Based on your child's age budgeting can mean just saving allowance for a few weeks to get something they want. If a child is older, it may mean having enough money at the end of the month to go to a movie with a friend or to start a savings account for a large purchase. Raising Financially Independent Children is a practical guide for parents. Chapters are organized by age to make it easy to find exactly what your child needs at any age.
Check out my books on financial independence at https://parentsfin.wixsite.com/website/books or our books Raising Financially Independent Children, Financially Independent Teens, Financial Essentials for Couples and Financial Essentials on Amazon
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