The Smarter Way to Pay Allowance
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Allowance is one of the keys to healthy financial literacy. Children can easily learn that if they want more money, regardless of the reason, all they have to do is come up with a way to earn it. It is never too early to start teaching children about money, money management and the 10/10/10/70 concept.
About Lori Mackey:
Mackey created the Money Mama program as a tool for
parents to instantly teach children what it means to give,
invest, save and spend their money wisely. Children can now
experience the action of positive money management in a
non-threatening way. Through giving, children become more
compassionate. The investing and savings allow children to take
control over their financial future. Spending wisely teaches a
child about choices becoming responsible managing your money.
With this program, parents will teach financial skills, but
more importantly, they will teach a child life skills. Children
can become caring, responsible and financially savvy adults.
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