Design an Allowance System That Teaches Money Skills
A thoughtful allowance system teaches money management through real experience with real choices.
Works with:
Example Prompt
Create an allowance system for my [AGE]-year-old. Include recommended amount for their age, whether to tie it to chores, a save-spend-give framework, what expenses they should cover themselves, and how to handle requests for advances or expensive items. Our family values around money include [VALUES]. Previous systems that didn't work include [PAST ATTEMPTS].
Pro Tip
Let kids make small money mistakes now when the stakes are low so they learn before the stakes are high.
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