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My children and money – your questions answered

Children start to shape their attitude towards money aged as young as seven. So whether you give them pocket money or not, you are already a huge influence on how they will spend money when they are older. Though there are no right or wrong answers when it comes to teaching your children about money, there are a few questions that parents ask over and over again. Combining findings from research completed b ...

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Pros and cons of paying your children and teens for completing tasks

Chores. Everyone does them and nobody loves them. Getting children to help around the house teaches them many valuable lessons about growing up, but should you be paying your children for their help? Here’s a list of pros and cons to help you decide what’s best for you. The Pros The first rule of economics is that people respond to incentives. Whether you’re a child or adult, there’s no exception to the rul ...

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