There is one question that most parents seem to dread more than any other when it comes to talking to their kids about money. Can you guess what that might be? If you said “How much money do you make?” you are exactly right, according to Jayne Pearl, author of several books about what she calls financial parenting.
. . .
Jayne Pearl joins WWL’s Tommy to talk about kids allowance and chores. When you were a kid, did you have an allowance? How much do you teach your kids about money and finances.
Jayne Pearl offers her take on the whens and hows of empowering youth financially in order to properly prepare them for college life.
“An allowance can do wonderful things,” says Jayne A. Pearl, co-author of the book “Kids, Wealth and Consequences.” In an economy where transactions are commonly made via credit card, giving your kids a chance to handle and budget real money can give them a more concrete idea of the value of the dollar.
Jayne Pearl appears as a guest on AirTalk to confront the challenge of discussing salary with your children.
Put limits on the time and money your boomerang kid can use to live at home.
“It’s actually easy to teach kids about money,” says Jayne A. Pearl, an Amherst, Massachusetts-based author of “Kids and Money: Giving Them the Savvy to Succeed Financially.” “Turn your day-to-day activities into learning experiences…”