#1 Biggest Con For Giving An Allowance To Your Child

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⭐⭐⭐ FREE SERIES: Financial Literacy for Kids 101 ~ Raising A Money Smart Kid

In the full video (link below), we'll delve into the biggest con of giving your child an allowance: it can create entitlement. If your child is used to receiving a regular payment for simply being a member of the household, they may come to expect it and not understand the value of hard work and earning money. It's important to set clear expectations and responsibilities for your child to earn their allowance, rather than just giving it to them automatically. This can help prevent a sense of entitlement and encourage a strong work ethic. Plus we'll also cover the pros to giving an allowance.

Watch Part 2: Should I Give My Kid An Allowance to finally figure out what will work best for your family and to feel confident with some helpful tips regardless of whether you decide to give your child an allowance, not or an alternative.

FINANCIAL LITERARCY FOR KIDS 101 FULL SERIES

What is your biggest challenge with teaching your kids financial literacy? Let me know in the comments below...

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FINANCIAL LITERARCY FOR KIDS SHORTS

Disclaimer: To help you raise a money smart kid, I share all the tips and tools that I have used to raise my own money smart kids. There is no guarantee that your child will earn any money from the lessons I teach. Your child's financial success is dependent on their own efforts. Also, some of the resources I mention are for affiliate links, where I may earn a small thank-you commission for the referral, at of course no extra cost to you. You are in no way obligated to go through any of my links. Thank-you for supporting my channel so I may continue to support you and your family with the best financial literacy for kids course. Big hugs.🤗
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