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Tweens and Teens
Reply to "how do you handle money with your tweens?"
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[quote=jepoirrier]Until the end of middle school, I think cash is best. Keep them away from anything virtual as long as you can. I still believe a $1 bank note remaining in your wallet/envelope says more on what you can spend than some random number on an app. Couple this with a monthly allowance (ours increase with age) and discussions about how to save, how to plan for spending, etc. Also: if you want to teach your kids how to budget, have a budget yourself and spend money like you want them to spend money. They observe what you (parents) do and learn from them, consciously or unconsciously ...[/quote]
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