The more your kids feel the allowance is fair, the more likely they'll think before they spend. Giving your child the experience of spending his own money is empowering. |
You run the risk of turning your child into a kind of money junkie who has no true enthusiasm for anything except for more money. |
Your children don't have to inherit your anxieties or problems related to money. And children aren't doomed to be forever greedy or careless when it comes to money. |