Friday Thread: What is Going on With Kids' Allowance?

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Don't give your kids an allowance. Pay them interest instead. I made a system that naturally instills the power of compounding and makes them understand money. I've used it for many years. Here's a thread on how it works, my downloadable worksheet, and the result... See more

Val Katayev x.com

Forget giving kids an allowance. Pay your kids interest instead. I'll share the system I used to engrain the power of compounding and business acumen into my kids. Here's how it works and the results:

Val Katayev x.com

Raising children has come to look more and more like a business endeavor and less and less like an endeavor of the heart. We are overly concerned with “the bottom line,” with how our children “do” rather than with who our children “are.” We pour time, attention, and money into insuring their performance, consistently making it to their soccer game ... See more

Madeline Levine • The Price of Privilege: How Parental Pressure and Material Advantage Are Creating a Generation of Disconnected and Unhappy Kids