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One of the best parts about hosting my podcast is that I get to share the knowledge and talents of my friends with the world. Rebecca and I were chatting about allowance a few weeks ago (and how much I’ve screwed it up with my own kids lately), and decided that a good topic for the show would be how to give allowance electronically. I never have cash, so I’d really like to move to having my kids’ allowances deposited into some kind of account or card for them each week.
We knew that Kelly Whalen would be the perfect guest. She writes my favorite blog about family finances, The Centsible Life. I love it because it’s not about washing out plastic baggies or buying cheap crappy stuff (so many frugal blogs try to masquerade as financial blogs). She gives real, practical advice about managing money and living a good life.
Along with our great conversation, which you can listen to below, here are links to five great posts that Kelly wrote about kids and money.
Kids And Allowance: Don’t Let Your Kids ‘Rob’ You – This is a great post that covers the basics of giving an allowance: When, how, how much, etc.
8 Ways To Teach Your Kids The Value Of Money – Great points on how to weave the basics of money management into everyday life.
How Not To Teach Kids About Money – I see so many people making these mistakes, especially people who think that giving kids an allowance makes them care about money too much. Unless your children are going to live on a commune forever where they will be bartering their sewing skills for bread, they need to learn about money, period.
7 Ways To Reward Good Grades Without Money – I seriously don’t get people who pay their kids for good grades.
7 Ways To Raise Centsible Kids – A great round-up of the basics.
If you don’t give your kids an allowance, or like me you started out well and then things got chaotic and messed up, read Kelly’s advice. If you have any specific questions, I’d love to hear from you!
For the rest of the links we talked about on the podcast, please check out our Facebook page. And as always, if you haven’t already, please subscribe in iTunes, rate us, and review us. We’re not lying when we say it makes a real impact on how our podcast is promoted.
And last, here’s a link to a really cute piggy bank with four slots for saving, spending, investing, and giving to charity, much like the one Rebecca mentions in the podcast.
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