No need to worry about coming up with cash for a child’s allowance. Parents can now choose from a rapidly expanding menu of prepaid debit cards, aimed at giving them digital oversight of their ...

Instead of setting an allowance, many parents decide to give money on demand to their children. When figuring out if that’s a good option, we need to be aware that the key is not so much in giving or ...

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 ...

Money Smarts School of Finance for Children suggests using the economic crisis as a teaching opportunity to share good money management skills with children. These skills are designed to help position ...

Leslie Ford is a visiting fellow in Domestic Policy Studies at The Heritage Foundation. Read her research. The following is an open letter to policymakers from 18 leaders in family and anti-poverty ...

Inflation may be on most Americans’ minds while they’re at the grocery store and gas pump, but not when they’re doling out their kid’s allowance. While 29% of parents have increased their kids’ ...

Six in ten parents believe their children are more financially responsible than they were at the same age, according to a survey of moms and dads. These confident parents are backing up that belief ...

Four-year-old Nicholas Bakke gallops down the toy aisle of Target in Atlanta with a crisp $10 bill between his small fingers. "I want the Four Arms action figure, Dad," he says, standing on the ...

Like it or not, one responsibility of parents is to teach children about money. However, it’s hard to teach children about money if they don’t have any because they are too young to earn it with a ...