Raising Money-Savvy Children
Put Money in Your Child's Hands
Give your child a cash allowance every week in return for completing chores and extra work around the house, Thomas says. "If [money] is not in their hands, it is not in their minds," Thomas says. Once they have cash in hand, Thomas says a child will be able to see that "I had to work for this money, and the money works for me."
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Published on December 02, 2008