Allowance Rules Are Changing

In the August issue of Money Magazine my article, “The Right Way to Give an Allowance,” discusses how some parents are changing the way allowances work. No more financial rewards for doing chores. Instead, kids are encouraged to be entrepreneurial, identify needs around the house and negotiate their pay. Be sure to pick up your issue.

For more on kids & money check out my video with NYT’s personal finance columnist Rob Lieber, author of The Opposite of Spoiled, below.