Roker and Jean Chatzky of the Today Show discussed the issue of kids and
allowance, citing the results of AICPA’s recent survey with Harris Interactive on the subject.
message from the segment was that it is important to use allowance as a
‘teachable moment’ for kids, with Chatzky noting that ”allowance only works if
your kid has to take that sum of money and manage it.”
Learning to manage money wisely is the cornerstone of financial literacy
and informs all decisions on spending and saving throughout life, so this
message is an important one for anyone who has children in their life.
AICPA’s, 360 Degrees of Financial Literacy website, a free program of
the the nation’s CPAs to
help Americans develop money management skills and Feed the Pig, which is co-sponsored by the Ad Council
and specifically aimed at 25-34 year olds.
For more tips and check out the three and a half minute Today segment