If you are giving your teen an allowance, you may want to reconsider. A University of Washington study revealed that kids who received an unconditional, regular allowance thought less about money and were not as financially successful as adults. Even kids receiving an allowance for chores had a negative attitude about work. Instead, give your kids opportunities to choose projects around the house and pay them when they successfully complete the job. By associating their choice to work and a payoff for that hard work, they will develop a healthier attitude toward money.
It’s always beneficial to learn something new! At the Hunters Point Apartments in College Station, Texas, we love to provide you with thought-provoking facts that will make you reflect on different aspects of life.