Allowance or No Allowance? How to Confidently Raise Cash Smart Kids | S7 E7

The Family Business with The Alessis

What does it take to show your children the RIGHT way to handle money - before they get the chance to waste it?
In this enlightening episode, Steve Alessi sits down with his son Chris Alessi to discuss how they are approaching the eternal question of giving kids allowance or making them work / do chores for money in the family budget.
You'll see how both experienced and new parents are approaching this question in various ways, yet keeping the same principle - making sure the next generation has the tools they need to be financially smart and wise as they mature into young adults.

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Fejezetek

1. Coming Up In This Episode (00:00:00)

2. How To Raise Financially Health Kids (00:03:09)

3. 'Chores' or 'Expectations'? (00:05:55)

4. Financial Accountability And Planning (00:10:26)

5. Money Does Not Dictate Who You Are (00:20:09)

6. In Life There Is No Free Lunches (00:26:25)

7. Kids Need to be Taught (00:31:45)