Managing money is tricky for adults, so it’s no surprise that kids need significant guidance when it comes to having money. Do you have a plan for teaching your kids about money? And what about allowances? Do you pay your kids for doing chores or do you just give them money with no strings attached? In this episode, Billy & Joy tackle those questions and give you a number of thoughts to consider.
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“I've learned that you shouldn't go through life with a catcher's mitt on both hands; you need to be able to throw something back.”
Talk about this:
What plan would work best for our family for teaching our kids how to be responsible for their money? What steps do we need to take to implement the plan?
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