by
maiklarson | June 12, 2007 at 11:03 pm
DO
1. Allow a child as much freedom as possible in the choice of the things he purchases.
2. Plan with him regarding the handling of his money.
3. Commend him when he uses good judgement in handling money.
4. Warn him about burrowing money to make purchases before he can afford the item.
5. Encourage him to build up a small savings account.
DON'T
1. Rob your child's piggie bank to get change to pay the paper boy.
2. Neglect to pay his allowance exactly on time.
3. Threaten to cancel his allowance as a means of punishment.
4. Require him to turn over his earnings to you.
5. Pay allowance money before it is due.
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