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Rachel Incoll's Articles in Parenting
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Why Should Kids Get Allowances - The Top 7 Reasons
The question of whether allowances are right or wrong, is one that has been argued for many generations. Now it’s your turn, as a parent, to decide whether or not an allowance is the best way to educate your child about financial responsibility. There are many reasons given on why a regular payment of money to a child should or shouldn’t be done – ultimately I believe there is no right answer, it is up to each individual family to decide what is the best option for them. Thro...
What To Tell Your Kids About Money – The 7 Essential Lessons
If I had a dollar for every time I have been asked by a parent what to tell your kids about money, I’d be a millionaire. There are many different aspects of money management you can & should tell your children about. Here I will share with you what I believe are seven of the most important principles
1. Money can be exchanged for goods or services.
This is one of the first few lessons you should teach your child once they are old enough to understand – usually around the ...
Teach Kids About Money And Saving - The 10 Vital Lessons Your Child Must Learn!
Your 5-year-old daughter has started asking for money to buy sweets and toys. She obviously has a good understanding of the concept of exchanging money for items she wants or needs, but what are the important lessons you should teach kids about money and saving. You want to make sure that she doesn't grow up into one of those kids that are constantly pestering mom and dad for money, running up credit card debts as a teenager, and not having any idea how to save.
There are ...
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