Dear Next Generation: Teaching Kids Fiscal Responsibility

It's never too early for kids to begin learning the differences between financial discernment and instant gratification

Dan Arthur Pryor says he would receive a weekly quarter-dollar allowance; most of it went toward baseball trading cards. Biba Kayewich

Dear Next Generation:

Preteen children are so innocent and impressionable. It’s the best time to implant in their conscience the most important values that you wish upon them. There’s a plenitude of values to choose from. Along with religious values, monetary values can also be imparted to children. Preteens are easily impressed with what the world has to offer. At such a young age, the financial cost to parents to open up their children to the monetary world can come in the form of a cash “allowance” and can be used as a teaching tool.