Teach Your Kids About Money By Having Them Work

By Mike Peterson
In July 29, 2011

More than ever, we need to teach our children how to manage money. Giving your child a free allowance enforces the wrong perception of money, which can be disastrous when they reach adulthood. Here is a simple plan to teach them correct principles of the value of money.

Mike is the author of “Reality Millionaire: Proven Tips to Retire Rich” and he has been published in a variety of local and national publications including Entrepreneur Magazine, Deseret Morning News, LDS Living Magazine, and Physicians Money Digest. He holds a B.S. in business administration from the University of Phoenix.