Allowance For Kids: Setting Up Mom’s Bank
BratBusters Parenting Podcast Episode Seven
In this episode of the BratBuster’s Parenting Podcast, host Lisa Bunnage and her daughter Amy discuss techniques for teaching children financial responsibility.
Key methods include using a homemade banking system called ‘Mom’s Bank,’ introducing allowances with interest, and integrating chore charts to encourage earning.
Personal anecdotes highlight the importance of starting financial education early, the impact of part-time jobs in teenage years, and the significance of open communication about money.
Lisa also addresses common challenges like resistance to chores and fairness in allowances, providing practical advice on nurturing independence and self-discipline in kids.
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Bratbusters Parenting Podcast
Lisa Bunnage, Parenting Coach and Founder of BratBusters Parenting, is joined by her daughter and business partner, Amy Bunnage, to dive into a variety of parenting topics and to answer your parenting questions.