
When we first started the whole allowance thing, my girls would never know how much money they had, so they kept having to count it in order to know. That means that my kids have to save up for quite some time if they want to purchase something other than a lollipop. I don’t know if you’ve noticed, but 50 cents doesn’t buy you much nowadays. You might want them to save it because learning to save is a valuable lesson, but so is learning that wasting money sucks.ĪLSO READ: 101 Ways to Praise a Bilingual Child Printable They’ve got money, now what? This way they learn that once the money is gone, it’s gone. They earned it, so they get to spend it or save it or donate it.
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Instead, they have the opportunity to earn money on school days by making the morning routine go smoothly. My children get a small allowance, but they don’t get it for doing chores because I believe that as members of the family it is their responsibility to help out.

Tips for introducing your children to getting an allowance. Our money talk started by introducing them to the concept of getting an allowance and learning how to keep track of that money. My children are young, too young for me to give them the “you-know-what talk,” but not too young to give them the “money talk.” Here’s the thing: it’s more of an ongoing money conversation. I’m talking pulse racing, adrenaline pumping terror, but I am DONE with that and you wanna know why? Because I don’t want my daughters to have that kind of relationship with their finances. Talking about money has always terrified me. The money talk is a talk that all parents should be having with their kids.
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I’m sharing these tips on how to have the “money talk” with your kids and a free kids checkbook printable as part of a sponsored collaboration with Chase and #WeAllGrow Latina Network.
