Teaching kids about money management has become increasingly critical, especially since more than half of today’s young people report feeling unprepared for their financial futures. While tracking ...

A psychologist says chores help teach kids responsibility and time management Age-appropriate tasks like cleaning up or mowing the lawn can build life skills Paying kids for chores is a personal ...

I recently heard from Laurel, a writer who had interviewed me for a story about allowances. Laurel had a question about her own 5-year-old. She’d given him a quarter for putting away his little ...

Allowance should be tied to chores because it helps kids make the work-to-money connection that will become more important as they grow up, says Gregg Murset, certified financial planner and CEO of ...

At the foundation of your children’s financial intelligence should be this undeniable truth: It is not the amount of money you have but what you do with it that matters. This is true for a child ...

Hi. Yeah, I have three kids myself so we're in the same spot, We're all trying to teach them the value of money and we don't want them spoiled. Let me make our jobs easier. There are apps and tools ...

When it comes to children’s allowances, many parents struggle with which approach to take. Some link allowances to completion of chores; others feel they shouldn’t be tied to completing tasks, but ...

At some point in every parent’s life, there comes a time when it is impossible to avoid confronting the “A” word. That’s right. I’m talking about whether or not to give your child an allowance.

As families prepare for a new school year, child development expert Kendra Morgan is encouraging parents to teach the difference between everyday expectations and chores—and how that distinction can ...