A funny thing happened after I had my first kid—my income doubled. I had taken time off work for a couple months after Evan was born, and wanted badly to phase back into a work routine. But I also knew that my new life as a mother had changed things.
In the August issue of Money Magazine my article, “The Right Way to Give an Allowance,” discusses how allowances are evolving. No more financial rewards for doing chores. Instead, kids are encouraged to be entrepreneurial, identify needs around the house and negotiate their pay.
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