Teaching your children how to handle money is one of the most important gifts you can provide.
Consider giving your children a regular allowance and the opportunity to make their own spending choices, as well as experience the consequences of each choice. Spending all their money on candy before a trip to the toy store is a lesson they’ll never forget!
Verizon Family Money brings digital convenience and efficiency to the money lessons of traditional allowances and chores including the value of a dollar. Chores teach children that money costs time and effort – whether parents pay directly, or use an allowance.
Building a budget – Getting money consistently, like a scheduled allowance, prepares kids for paychecks that never come early, and helps them understand they need to make their money last.