Why Serena Williams Makes Her Daughter Work for Her Allowance

parentsfin
May 10
2 min read

Tennis superstar Serena Williams and her husband Alexis Ohanian negotiated a $7-a-week allowance with their daughter — and tied it to responsibility.

“Good things come when you work for it,” Serena said in her CNBC interview.

👉 Check out the full article here:🔗 https://www.cnbc.com/2025/05/07/serena-williams-alexis-ohanian-negotiated-daughter-allowance-parenting.htm

We love seeing high-profile parents reinforce this key lesson: Money is earned, not given. 🙌

This principle is at the heart of our book, Raising Financially Independent Children. Teaching kids to manage money, make smart choices, and understand the value of work is a gift that lasts a lifetime.

📚 Want to raise money-smart kids? Try these practical strategies:

💡 Practical Ways to Teach Kids About Money

Allowance with a Purpose: Tie allowances to chores to show that effort earns rewards.
Savings Goals: Let kids save toward something they want. A visible savings jar helps keep them motivated.
Shared Purchases: If they want something big, have them contribute—even if you’re willing to pay the full amount.
Entrepreneurship: Encourage small ventures like lemonade stands or pet-sitting.
Support Giving: Help them identify causes they care about and donate a portion of their money.

🌱 Future-Proofing Kids Financially

Teaching financial literacy early builds independence, confidence, and smart habits. When kids learn how money works, they gain skills that serve them for life.

Our books, Raising Financially Independent Children and Financially Independent Teens, are packed with tools to help families raise financially responsible kids.

👉 Explore our books and blog at [YourWebsite.com] (or insert your link)

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Our books Raising Financially Independent Children and Financially Independent Teens both discuss how to teach children about budgeting and making choices.

Check out our books and other posts on financial independence at

https://parentsfin.wixsite.com/website/books or our books on Amazon

Check out our books and other posts on financial independence at

https://parentsfin.wixsite.com/website/books or our books on Amazon