One of the best ways to ensure your children grow up financially fit is to give them practice managing money with an allowance. But what’s the best way to do an allowance? There are many theories on that. Having a Set Allowance Ron Lieber, personal finance writer for The New York Times, says he and his … Continue reading “Does an Allowance Help Kids Save?”
Tag: Teen Finances
For many of today’s young adults, the weakest link lies in learning the basics. According to a 2014 survey conducted by Harris Poll on behalf of Junior Achievement USA (2014 Teens and Personal Finance Survey), 40% of teens do not have a savings account, checking account, or debit or credit card. In addition, 59% of … Continue reading “Are your kids on the right track to financial independence?”