Allowances. I’m not sure we’ve ever approached this aspect of parenting well or consistently. We got better at it when our kids hit the teenage years. With our older two, we manage things electronically with checking accounts and debit cards. I feel good about this. Those early years, though, I feel like we struggled to teach consistently about finances and financial management.

What do you think of the principles in this article? How do you handle allowances at your house?