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Family & Parenting

Teaching children about money with a weekly allowance

The website this post is about

www.moneyhelper.org.uk

Visit website: www.moneyhelper.org.uk

This piece for Links Beat collects the advice that holds up in practice.

A small, regular allowance teaches more about money than any lecture. Pay it on the same day each week, in cash for younger children, and let them decide what to do with it, including making mistakes. The moment a child saves for three weeks and buys something they chose themselves is worth more than any amount of advice.

Tags:#children#money

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