Why Allowance Is About More Than Money (Part 2)
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Why Allowance Is About More Than Money (Part 2)
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In Part 2 of our deep dive into allowances, Jess and Scott move from theory to practice, debating whether kids should receive an allowance at all. They explore the 'Spend, Save, Give' jar system and share personal strategies for teaching delayed gratification, including the controversial '24-hour rule' for impulse buys. They also discuss the importance of letting children make low-stakes financial mistakes now so they don't make big ones later. Finally, they address the privilege inherent in allowance and how to build financial literacy even if your budget is tight. Tune in to find out why Scott changed his mind and how to handle the 'I want it now' meltdowns at the store.
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Credits:
Editing by The Pod Cabin
Artwork by Wallflower Studio
Production by Nurtured First
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