What do we do when our kids nag us to buy things that we know they don’t need? Set up an allowance. It is a great opportunity to give your kids the experience of managing their own money. It’s based on the same philosophy I use with my shows. I want kids to be interactive—to point and yell and participate because I believe that they learn better that way. Similarly, giving kids money in the form of allowance, enables them to learn about money—mistakes and all—by using small amounts of it..
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