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Common pocket money mistakes to avoid

I am often asked by parents “what are the common mistakes to avoid when giving kids pocket money?” Based on my experience, the most difficult mistake to avoid is to let your kids use some of their pocket money to reward themselves. A lot of parents want to see their kids save all of their…
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What is pocket money?

Every kid wants pocket money and it’s a great way to start teaching your kids about money.Here are some of the common questions parents have asked me when it comes to pocket money. How much? Give your kids an amount that you are comfortable with and that you can afford. If you can, start by…
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Having the ATM conversation with your kids

In a world full of credit cards and internet banking money has become invisible. What does this teach our kids about where money comes from? When my daughter turned seven-years-old I thought the time was right to ask her the question, “Where does money come from?” Me: So tell me, now that you are a…
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