De Leon: Learning Value Of Earning

Item: Learning the value of earning: Many parents believe strongly that kids need financial education /Virginia de Leon, SR

More Info: Teaching kids about money was a recent topic of discussion on The Spokesman-Review’s Parents’ Council blog. While everyone agreed on the importance of financial literacy, parents came up with different ways to impart this knowledge to their children. For instance, some thought it was a good idea to give kids an allowance. Others, however, did not. “I consider that a sort of baby welfare system,” wrote Trish, who raised four children, now all adults. “I believe that by giving them an allowance, we teach our children that they deserve money simply because they exist.”

Question: Do (did?) you give your kids an allowance? Are they good with money?