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Teaching Kids About Money: Why You Shouldn't Tie Chores to An Allowance

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Moneysense Senior Editor Romana King shares the biggest lesson parents need to learn when it comes to teaching kids about money and offers practical tips ...

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5287372833001 SECTION=News show=btvancouver region=vancouver src=breakfasttelevision training guidance schooling culture learning reading tutoring tutelage coaching drilling neglect admonition advisement advocacy aid bum steer caution charge consultation counsel directions dissuasion encouragement exhortation forewarning help information injunction input instruction judgment lesson news opinion persuasion prescription proposal proposition recommendation steer suggestion teaching telltale tidings tip tip-off two cents' worth view warning word word to the wise article article of faith attitude axiom basic belief canon concept convention conviction credenda creed declaration dogma fundamental gospel implantation inculcation indoctrination position precept pronouncement propaganda regulation rule statement tenet tradition universal law unwritten rule betterment elevation elucidation enhancement enlightenment illumination irradiation knowledge nurture tuition uplifting apprenticeship background book learning brainwashing breeding catechism civilization cultivation direction discipline edification erudition finish improvement learnedness literacy pedagogy preparation propagandism proselytism rearing refinement scholarship science study bodhi broad-mindedness comprehension education insight open-mindedness sophistication wisdom ministration sermonizing spreading the word advice doctrine evangelism boy son youth child baby girl lad bairn lass tot adult joke bother tease delude rag razz jest jape hoax josh banter cozen gull jolly dupe trick roast fun spoof rib mock be serious begats breed children descendants family get issue kids lineage posterity progeniture race scions seed stock young blood relative clay consanguinean kin kith and kin offspring organism relatives uterine kin angelface babe bambino bundle buttercup button cherub chick crawler deduction dividend dumpling kid little angel little darling little doll little one newborn nipper nursling papoose preemie suckling tad toddler write-off youngster chaff deride fool jeer jive make fun of ridicule satirize taunt devil enfant terrible holy terror impudent child jackanapes punk rascal unruly child urchin whippersnapper wild one rally scoff progeny flesh and blood brat Kids around back round anyhow almost nearly roughly in general afar away far apropos regarding touching nearby beside through about about to all but approximately as good as bordering on close to close upon essentially for the greatest part in effect in the neighborhood of in the vicinity of just about most much near to nigh not far from not quite on the brink of on the edge of on the point of on the verge of practically pretty near relatively substantially virtually well-nigh within sight of any which way anyway at any rate at random haphazard haphazardly helter-skelter however in any case in any respect in any way in either way in one way or another in whatever way nevertheless random randomly regardless under any circumstances whatever happens willy-nilly ballpark figure circa closely comparatively generally in the ballpark in the region of loosely more or less proximately upwards of very close against as for as regards as to concerning on the subject of respecting toward with reference to with respect to all over encompassing everywhere in the vicinity in this area neighboring over throughout close at hand near About how brain-teaser closed book enigma mystery mystification poser problem puzzlement riddle why Gordian knot bewilderment cliffhanger conundrum crux cryptogram grabber knot mind-boggler mind-twister parable perplexity puzzle puzzler question question mark secret sphinx sticker stickler stumper teaser tough nut to crack twister account antecedent argument base bedrock call cause chapter and verse demonstration determinant dope evidence excuse factor footing foundation goods groundwork inducement info information infrastructure justification motive numbers occasion pretext proof rationale reason root seat straight stuff substratum test testimony trial underpinning wherefore whyfor abstruseness brainteaser braintwister charade chiller difficulty inscrutability inscrutableness mindboggler occult oracle rebus rune secrecy subtlety thriller whodunit affidavit attestation averment case certification clincher clue confirmation corroboration credentials criterion cue data deposition documents establishment exhibit facts grounds lowdown nitty-gritty paper trail picture reasons record scoop score skinny smoking gun substantiation testament trace validation verification warrant witness Why Why? You you yous Shouldn't link strap gag nexus brace cord joint yoke knot band rope bond loss win draw push level duty tie-in hookup outfit join secure clinch attach cinch wed bind marry unite gird moor splice lash fasten tether truss anchor do up tie up rivet loosen praise detach divide let go free loose unlace untie fail lose meet match touch deadlock balance parallel rival be even even up accord affiliation affinity betrothal coalition coherence collaboration collusion combination communion compact concord concurrence confederacy confederation congruity conjunction connection consanguinity cooperation engagement entente federation fraternization friendship interrelation kinship league marriage matrimony membership mutuality pact participation partnership relation support tie treaty union berth catch dock drop fix imbed make port plant stay concomitance concordance connotation correlation identification impression joining juxtaposition linkage linking lumping together mixing mixture pairing recollection remembrance train of thought add adhere affix annex append connect couple hitch on hitch up hook on hook up latch onto make fast prefix slap on stick tag on adapter clamp connector coupling fastener junction adjust attune cancel collate come out come out even compensate correspond counteract counterbalance equalize equate even harmonize make up for neutralize nullify offset oppose pair off poise readjust redeem set square stabilize steady weigh alliance association attachment TIE Tie duty grind trial job stint peace affairs appointments arrangements bill bulletin business calendar card catalog chores curriculum details docket happenings index lineup listing meetings memoranda necessary acts order of business order of events order of the day plan plans preparations record schedule series of events slate syllabus things to do timetable agenda appointment beat charge chore commission drill homework mission position post practice backbreaker daily grind elbow grease gruntwork labor menial labor rat race slavery struggle sweat toil travail workout burden calling commitment committal contract devoir dues engagement function hook load millstone minding the store must need obligation occupation office onus ought pains part province role service station string taking care of business task trouble trust undertaking weight work drudgery groove grubwork hard work moil pace rote routine rut treadmill program assignment Chores Chore salary wage fee gift grant ration quota aid taste share legacy stint slice pay bite lot bounty cut prize part piece loss whole rebate refusal acceptance accession acquiescence admission admitting affirmation allowance allowing assent assertion asservation avowal compliance conceding concession concurrence confession confirmation corroboration declaration profession ratification realization recognition yielding accomplishment achievement annuity award benefit bonus commission dividend donation earnings fortune gain income increment inheritance net premium proceeds profit remuneration return reward riches security wages wealth winnings admittance affidavit attestation averment deposition disclosure divulgence revelation statement testimonial testimony accommodation credit deposit down payment floater front money hike increase loan prepayment retainer rise score stake take touch advancement advice advocacy alleviation assist assistance attention backing backup benefaction benevolence care charity comfort compensation cooperation deliverance encouragement endowment favor furtherance giving guidance hand handout leg up lift ministration ministry patronage promotion reinforcement relief rescue salvation service shot in the arm subsidy sustenance treatment allocation apportionment appropriation chunk cut of pie end measure piece of the action rake off split acknowledgment acquisition advance allotment
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