What is with parents? They have bought a package of gum here or a chocolate bar, paying for something that I have to take extra $ 100 jeans and a trip up the hill of the ski resort, and then when you look 18, about the same time Most of us leave the house, which shut down the portfolio complain and say that it is time to learn to manage our money. Money management begins with money, your money, and even a kindergarten can begin to learn that a penny saved is a penny earned.

At one point early in life, usually around three years, a boy discovers the money. It will be shown in brilliant things they need in the bag if the mother will have their toys standing only to see the advertisement for Sesame Street. They know that money has rewards, which has the power, but what he does not know who has value. Most kids figure that if I ask long enough, whatever the cost, sooner or later, Mom and Dad pass through the merchandise.

This is where the problem is. Most children were never taught the skills needed to manage the money until it is too late. Sometimes a few dollars for a birthday or Christmas, but most children do not receive a regular salary of his friends. First-hand experience is essential to learning the skills of intelligent management of money and not money, no experience.

This is the way in which you insert a poll grant adviser David MCCURRACH has launched a website called Kids' money according to a survey of parents showed that almost 60% to give their children an allowance. 'It is shocking, because the only way children learn about money by managing their successes and failures, and you must have money to do so. "

Linda Barbanel, author of the portfolio of tax opinion that once their children are old enough to ask something at the store, it's time to start with a grant. "When a child said:" Give me 'you know you're ready to be taught to save. "

Estimate what are the costs and requests to buy or what every week, while the sum of its adviser MCCURRACH grant. A formula is to give the child a dollar per week per year of age, however, four years could very well start with two dollars per week.

It is essential that you sit with them and tell them exactly what is expected after the payment of their shares. You can not know what to buy, but it can be said of his job is to be used in three areas:

Sharing - church or donations to charity, the anniversary of family or friends.

Costs - toys, candy, clothes and special entertainment.

Savings - 10-20% of compensation must be put off saving for something you want that costs more than weekly allowance.

John Messervey of the National Family Business Council suggests using a journal to track exactly where the grant. "Once a week to write about the dates and amounts and the child shows where and how their money is spent, how much is left and how much savings. Messervey points to several banks offering accounts of the child" If the dollar can not be filed without monthly fees and the child receives a book where you can keep your bank savings account.

Many parents tend to attach a weekly allowance of tasks, but it is a mistake. "We have tried to" MCCURRACH said "was a disaster. If your child does not need to earn money in the compromise because they do not clean the bathroom because it is not worth two U.S. dollars." Moreover, it is impossible to learn to manage money without a regular income and a week if there is money blowing consistency.

Pay for "extra work" is very good, especially if the child is following a high-ticket item. Make sure that the tasks are beyond what is normally expected of them and that money goes straight into savings for the purchase. The lesson is, I can work harder for the things I want. "

Remember, the reason why we give your child an allowance is to teach them the value of money and lay the foundations that have them through their adulthood. Of course, you can give them money if you can afford, but they have saved something for themselves who have learned patience, discipline and intelligence to be hoped that the money will last throughout their lives.

Take a look at the children money to solve the stories that deal with children and finances.