Do you feel inadequate to teach your kids about money because your personal finances are a mess? If you feel that way, just remember that no matter how limited your knowledge is, you still know more about money than your kids do. The keys to teaching your kids about money and personal finances are to keep it simple and keep it age appropriate.
There is an age-old question almost every parent comes up against when their children reach an age where they want money. To give or not to give an allowance? Giving your children an allowance can help them develop sound personal finance principles when it is done right. Here are some suggestions on how to give your kids an allowance that won't spoil them, but will help them in developing a good head for personal finances.
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