While we were building our businesses, we were also building our family: our kids are now 20, 19, 16, and 12.
Related storiesI think of it as more of a salary approach to allowance than paying kids for specific chores.
I taught the three uses of moneyOne of my most frequent dad-isms is about the three uses of money: giving, saving, and spending.
I relate money to the real worldMoney can be very abstract, so I've always tried to tie it into my kids' daily actions.
We opened bank accounts when the kids were 5, and got them debit cards when they were preteens.
Persons:
David Ciccarelli, Stephanie, we'd, I've, I'm
Organizations:
Service, Disney
Locations:
voices.com, New York City, Tesla