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Old 02-01-2007, 10:28 AM
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lucyjoy lucyjoy is offline
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Teaching kids about money

Looking for tips on teaching kids about money. My kids tend to make money and save it when they're young and then go nuts spending it as teens and young adults with no understanding of it. I obviously need a better teaching method.

I hate allowance but am considering giving one to my 10 and 15 year old. They don't do their chores well, though and I really don't want to pay them to do nothing.

And what should I have them do with this money to learn to manage it?

Ideas, anyone?
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