Homeschooling

One of the best ways our children learn from us is by modeling our behavior- or learning by example. Never is this more important than learning the value of money . Teaching our kids how to manage their money is vital. I believe wholeheartedly in giving kids their own money with no strings attached. They don;t have to do chores or clean their room or get good grades to receive it. Why do I do this? I don’t want to attach emotion to money- much like I don’t want to attach emotion to food.

If I don’t use money to punish or reward my kids how will they learn that you need to WORK for your money?

I have serious doubts that my giving them an allowance each week will turn them into lazy louts and that at 16 or 17 they won’t be able to grasp the concept of no work no pay.
The benefits of having money and managing it0- making purchasing mistakes or learning to save for a big ticket item far outweigh any negatives that may or may not happen.