Commissions instead of Allowances: Teaching Children about Financial Responsibilities
Have you ever tried to teach your children about money or financial responsibilities? It's not an easy task, but it's something that as parents we all need to do.
"The money our daughter earns is referred to as commission. We don’t call it an allowance. She earns commission for the work she completes, just like adults experience in the real world...We created a chart which works for us based upon our system of rewards. Our chart includes categories for responsibilities, bonuses and fines. Here is how we apply each one".
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