We have never given our kids allowances. They have never asked either. But as they get older, I am beginning to think maybe we should – afterall, they really need to learn how to manage their money.
Here are my questions to you:
1. Do your kids get a regular allowance?
2. If so, how much?
3. At what age did they start getting an allowance?
4. Do they have certain chores or requirements attached to their allowance?
5. If they get an allowance, what types of purchases are now their responsibility as opposed to something you will buy for them?
I know I have some …read more

“Teach your child responsibility and money management through the assignment of household chores and the dispensation of a regular allowance. Learn the best way to set your child’s allowance — and whether you should reward your child for helping out with household chores.”
Times have changed since my kids were on the receiving ends of allowances, so I’m turning it over to you for discussion. When should you start handing out money and what do you expect in return? Is it a child’s right or should there be “strings” attached?
*Money Doesn’t Grow On Trees: A Parent’s Guide to Raising Financially …read more

“Once you’re fired up about investing, dreaming of all the money you can make, you may suddenly realize something: You need money to invest!
There are two main ways to gather that moolah:
Make more money.
Save more money.
This link will take you to a page full of suggestions. Maybe becoming a millionaire by the time you are thirty isn’t that big a stretch of the imagination. You simply have to choose what appeals to you and then give it everything you’ve got.