Comments on: To pay or not to pay for kids’ chores http://www.walnutrow.com/2012/01/04/pay-pay-kids-chores/ The No-Cash Allowance is a guide for parents to teach kids how to manage money Mon, 23 Apr 2012 13:05:44 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Lynne L. Finch http://www.walnutrow.com/2012/01/04/pay-pay-kids-chores/#comment-31 Lynne L. Finch Tue, 10 Jan 2012 16:02:42 +0000 http://www.walnutrow.com/?p=1006#comment-31 Jill, we both know kids learn from practice. Money management is all about making decisions. I encourage parents to start giving their kids money (through various ways) along with appropriate responsibility. This give them hands-on practice that prepares them for bigger lessons as teens. Going from being a teen to an adult happens overnight in the legal sense for financial responsibility, so anything parents can do to help teens learn about money management is going to have a long-lasting effect. I encourage parents to visit WealthQuest for Teens to learn how they can use your great programs and products to prepare their teens for the real world that awaits them. http://www.wealthquestforteens.com/ Jill, we both know kids learn from practice. Money management is all about making decisions. I encourage parents to start giving their kids money (through various ways) along with appropriate responsibility. This give them hands-on practice that prepares them for bigger lessons as teens.

Going from being a teen to an adult happens overnight in the legal sense for financial responsibility, so anything parents can do to help teens learn about money management is going to have a long-lasting effect.

I encourage parents to visit WealthQuest for Teens to learn how they can use your great programs and products to prepare their teens for the real world that awaits them.

http://www.wealthquestforteens.com/

]]> By: Jill and the WealthQuest for Teens team http://www.walnutrow.com/2012/01/04/pay-pay-kids-chores/#comment-30 Jill and the WealthQuest for Teens team Sun, 08 Jan 2012 17:53:08 +0000 http://www.walnutrow.com/?p=1006#comment-30 Lynne, thanks for this amazing post that captures the chores/allowance issue and re-frames it in the larger context of making money management and allowance real and meaningful and lasting for your kids. In my view, your insights and recommendations go right to the heart of the matter. You really hit it when you say, "As parents we believe that letting kids have money teaches them how to manage money. However, what teaches money management is learning how to meet obligations and pay for spending decisions." I hope this post reaches all parents and leaders that can act on it in some way. It's time to commit to raising this generation of children to be adults who can meet the financial responsibilities of adulthood with confidence and competence. I will certainly do what I can to share this with my contacts, and I trust that many people will see the value and power of your ideas. Lynne, thanks for this amazing post that captures the chores/allowance issue and re-frames it in the larger context of making money management and allowance real and meaningful and lasting for your kids. In my view, your insights and recommendations go right to the heart of the matter.

You really hit it when you say, “As parents we believe that letting kids have money teaches them how to manage money. However, what teaches money management is learning how to meet obligations and pay for spending decisions.”

I hope this post reaches all parents and leaders that can act on it in some way. It’s time to commit to raising this generation of children to be adults who can meet the financial responsibilities of adulthood with confidence and competence.

I will certainly do what I can to share this with my contacts, and I trust that many people will see the value and power of your ideas.

]]>