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Tuesday, May 05, 2009
Dave Ramsey :: Townhall.com Columnist
The Tax Isn't Fair
by Dave Ramsey
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Dear Erin,

Don’t stop giving them money! What you’re doing can be a great lesson for your children. But you definitely should stop calling it an allowance. In my mind, there’s a lot of victim mentality attached to that word. You’re not “allowing” anything, you’re rewarding success!

Kids should learn at an early age that money is connected to work. Even a kid who’s in kindergarten is old enough to begin doing some age-appropriate chores around the house.

We did this kind of thing in our home, with all of our kids, but we called it a commission. If they did their jobs, they got paid. If they didn’t, they didn’t get any money. It didn’t take long for them to make the connection!

- Dave

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About The Author
Dave Ramsey is a personal money management expert, popular national radio personality and the author of three New York Times bestsellers.
 
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(75 comments so Far)
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Reply # 1
Date: Oct 17, 2009 - 8:42 PM EST
to Anne
that was a do-over, my dear friend.

I've decided to turn over a new leaf and actually answer questions people ask me.
Flag as Offensive

Reply # 2
Date: Oct 17, 2009 - 8:28 PM EST
zappy: Another test? Is that a do-over

or a make up test?

And you flunked again.

Cripes, you HAD all the answers, and you still flunked?? Loser!

Flag as Offensive
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