Should Kids Have an Allowance? A Simple Guide to Raising Money Smart Kids | The Mom Psychologist

Should Kids Have an Allowance? A Simple Guide to Raising Money Smart Kids I think one of the most powerful gifts we can give our kids is the gift of knowing how to be smart with our money. After all, money touches every area of our lives (whether we talk about it or not) and it also ties into our overall sense of safety & security. Yet, did you know... The majority of families tend to shy away from having conversations about it (even though kids begin to form their core beliefs & habits about money by age 7!).   And I know, there's a lot of buzz around whether or not kids should to get an allowance.   In this week's episode, I share: -Whether or not I think giving kids an allowance is a good idea -The one huge (& common) mistake parents make when it comes to teaching about money -The huge paradigm shift that must happen in your family when you start teaching about money -Helpful resources and tools to teach your kids about money -And so much more! Resources Mentioned: https://a.co/7yxcc5o TIMESTAMPS ► 0:00 Introduction ► 0:16 Powerful lessons you can teach with allowance ► 1:22 The common mistake parents make about allowance ► 3:36 Free Gift: Chore checklists to help get you started ► 4:10 The important paradigm shift you must make ► 5:05 When to start giving kids an allowance ► 5:53 how much money to give kids ► 7:10 The best tools for raising money smart kids ► 9:00 My favorite children's books on teaching about money 💌 Get TMP Times in your inbox every Monday. Start your free 7-day trial 👉🏽 https://www.themompsychologist.com/tmptimes 💌 Free Parenting Script Pack: https://themompsychologist.com/script-pack FREE 2-MIN QUIZ: ► WHAT'S YOUR PARENTING STYLE?: Find out your parenting style and simple things you can do to shift your approach for better behavior! https://www.themompsychologist.com/QUIZ SHOP MY FAVORITES ► Check out my Amazon Storefront and shop my favorites https://www.amazon.com/shop/themompsychologist LET'S BE FRIENDS! ► Instagram: https://www.instagram.com/themompsychologist ► Facebook: http://facebook.com/themompsychologist ► TikTok: https://www.tiktok.com/@themompsychologist BUSINESS INQUIRIES ONLY ► hello@themompsychologist.com DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting TheMomPsychologist.com so I can continue to provide you with free content each week! DISCLAIMER 2.0: This video is for educational purposes ONLY. This is not meant to diagnosis or treat any mental health conditions or substitute mental health treatment in any way. Please consult with your child's pediatrician or a local mental health provider when considering trying new interventions. SC: Hi! My name is Dr. Jazmine and I'm a licensed clinical psychologist and mom of two girls! If you're a mom wanting to feel more confident in your parenting and reclaim your joy of motherhood, then this is DEFINITELY the place for YOU! On this channel, I upload videos every week surrounding topics such as positive parenting tips, easy to try discipline hacks, simple play ideas, and more! I help you understand and connect with your young child so that it's easier to manage their difficult behaviors. I basically answer any and all questions any parent looking to have a better relationship with their child (with less behavioral issues like tantrums and aggression) could have! Thanks for being a subscriber! #positivedisciplinetips #childpsychologistadvice