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. Allowance can be used to vest your child in their purchases which teaches them to care for items
Raising Financially Independent Children is a practical example-filled guide for parents. Chapters are organized by age to make it easy to find exactly what your child needs at any age.
These books highlight important topics like those below:
·The Value of allowance
·Teaching your children deleted gratification · Helping your children understand the value of objects
·Learning the value of work at an early age
·Empowering yourself and your children be financially confident and competent
Check out our books and other posts on financial independence at
https://parentsfin.wixsite.com/website/books or our books on Amazon
Raising Financially Children
Financially Independent Teen
Financial Essentials for Couples
Budgeting for Women by Women
Financial Essentials
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