Trent Hamm’s blog — The Simple Dollar — shares some great advice about introducing an allowance to children. And how he’s using the Money Savvy Pig to help his son get started! Bravo!

http://www.thesimpledollar.com/2009/11/17/starting-a-lifetime-savings-journey/

Brian O’Connor, a reporter for The Detroit News, recently interviewed me regarding how to handle allowance with your kids during these tough economic times. This is the perfect time to talk with your kids about how your family may be facing budget challenges, but including them in finding the solution can help them feel less scared about the situation. Here’s a link to the full article: http://www.detnews.com/article/20090914/OPINION03/909140353/1001/BIZ

A reader recently asked me a good question about allowance:

I have two children (8 & 10 years old) and I would like to give them an allowance. How much money do you recommend for these ages? (more…)

Yesterday, an interview I did with Lou Carlozo appeared on WalletPop regarding the debate on whether money should be awarded to kids for getting good grades. Here is a link to the article: http://tinyurl.com/m674ft. Do you have a similar story about rewarding kids for good grades? I’d love to hear what your experience has been.

Kids will always spend your money freely and without thought. But, when it is there money, kids are much more frugal and careful with the choices they make. Teach your kids to truly understand money by giving them hands on experience with the real deal from an early age. (more…)

Because January 1 was a holiday, the girls did not get their allowance until this past weekend. And, because this was January, they also got a reminder about why they get allowance — a sobering discussion that sent my oldest back to the budget drawing board. (more…)

Never has there been a better time to talk about money with our children than in January. Everybody is all about change in January. (more…)

In my previous entry I listed a few ideas of how to help your children keep their holiday spending in check, especially in today’s economy. Here are a few more ideas… (more…)

By now, we all know that money is going to be tight this holiday season. Our kids have been raised with high expectations for Santa, and its possible the jolly ‘ole guy in the red suit could fall short this year. (more…)

If we feel out of control, imagine how our kids feel. Abundance is all they have known since the day they were born. (more…)