Trying to raise kids who aren't just focused on getting more stuff. We started giving them an allowance that they actually have to work for, and we're trying to teach them to give a portion away. Been taking them to volunteer at the food bank once a month. Anyone else doing this? What's worked for you?
We do something similar and honestly it's been a game changer for teaching them priorities. The hardest part is letting them make their own money mistakes instead of bailing them out every time.
This is great timing for me as a new dad because I'm already thinking about how to handle this stuff down the line. Do you let them fail and lose out if they don't complete their chores, or do you give them some grace?
We do the same thing with our kids. Started with a chore chart connected to a small allowance and then we let them decide where some of it goes. Watching my 8 year old pick a charity to support was one of those moments where you realize they're actually learning something real.
Love this approach. My parents taught me money management through experience, letting me make mistakes with small amounts. Raising kids to be generous with it is the next level though. Faith and finances, that's a solid foundation.
This is something I want to do better at. Right now my kids just see money as something you spend. The generosity piece is harder to teach but more important. How old were yours when you started and what allowance amount worked for you?
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Love this approach. My kids fought the chore-for-allowance system at first, but once they realized they had to earn it, something just clicked. Now they actually think twice before blowing it all on junk.