It was so much fun doing the show today–debates are always enjoyable, and this one was no exception. Cathy was kind enough to e-mail us the link where she purchased the bank for her childrens’ allowance. Check it out!
Whether you choose to give your child allowance or not is a very personal decision. It will be influenced to a certain degree by the children your children are close to–it is disturbing for one child to have no allowance while their friends can spend freely. But this is a teaching moment for both types of parents. Be open with your children as to why you do what you do. If you choose to give an allowance, remember the importance of teaching good budgeting and most importantly, returning that portion to God that He has asked for. Whether you pay your children for chores, or give an allowance freely, it is good to have parameters on the spending. Repeat after me, “I am the parent, I am the parent.”
Oh, and for those of you (Rose!) who laughed at the bean concept, stickers work well too. The important thing is that our children learn to be good stewards of whatever resource they inherit in life. This principle is biblical, sound, and learning and exercising it will benefit our little ones as they grow and experience life.



