Allowance Alternatives To Teach Kids About Money

The Problem

Too often, parents become wrapped up in wanting to give everything to their children. While it isn’t wrong to like to provide your children with a small amount of money to buy something they will enjoy, there is a risk of potentially creating unnecessary behavioral hardship.

Teach Kids To Earn Money

There are many age-appropriate chores kids can do around the house or homestead. You will want to factor in your child’s emotional maturity before assigning them tasks

By Helping Other

Help your child strategize ways to be helpful throughout your community to develop a skill. Then as they become proficient with that skill, have them earn extra money by providing that service to neighbors.

Academic Accomplishments

A common way for parents to provide an allowance based on academic accomplishments.

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