Parenting From The Source

As we teach our children how to manage their allowances, a foundational truth they need to learn is that we are only stewards of the money and resources God provides for us. A steward manages what belongs to someone else. There are four principles of stewardship our kids need to learn. God Is the Owner [...]

When our daughter was a college freshman in 1987, her roommate had $1,000 to spend each month in addition to clothes and other expenses. Even today, that’s extravagant. How do parents decided how much allowance to give their children? Resources and Individual Needs Determine Amount There’s not a correct amount for all kids, because needs [...]

If an allowance is treated as a teaching tool for stewardship, it should not be dependent on chores. Being Part of Family Means Responsibilities Our children have certain responsibilities that go with being part of a family. My dad had a rather quaint way of expressing this concept: “Since you put your feet under the [...]

“Should I give my kids an allowance?” This is a question frequently asked by parents of children and teens. Teaching money management is part of what we do for our children, and an allowance is a tool for those lessons. Allowance for a Preschooler Let’s begin with a preschooler. Give your child a certain amount [...]