Allowances Vary - Deepstash
The Psychology of Money

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The Psychology of Money

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Allowances Vary

Allowances Vary

Allowances as powerful learning tools for children growing up. It gives your child the opportunity to manage their own money while still having you as a guide during the times they falter.

However, with this in mind it is important to know your kid and how much allowance you can shell out. Moreover, the terms of the allowance must be clear-cut: Will their allowance be based off on their behavior, chores, or neither? Should they save a specific amount of their allowance?

Knowing all these boundaries you are teaching the children involved thus setting them up for financial literacy.

18

159 reads

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It's Never Too Late To Teach Children Finances

It's Never Too Late To Teach Children Finances

There’s no such thing as “too late”

Children are impacted by their parent’s finances and financial decisions regardless whether they like it or not.

When parents are transparent about their money choices, they’re teaching their children the basics or even so much more...

15

152 reads

Save Early, Save ASAP

Save Early, Save ASAP

Saving is one of the most important financial habits to instill early on, in fact, the earlier the better.

Kids can start learning how to save money if you teach them how to save using a piggy bank or a give-spend-save bank. Through this they can start thinking about goal-s...

17

132 reads

Talking Money as a Family

Talking Money as a Family

Talking about money within the family is still taboo in many places, yet the discussion doesn’t have to be dead serious.

Taking the time to talk to the family about the financial situation and how to manage them where everyone gets to have a say is setting up everyone to contribute ...

15

209 reads

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