Weekly Family Finance Picks (#20)

We’re constantly scouring the Internet looking for articles related to family finances and teaching kids good personal finance habits. You can visit the FamZoo delicious page to see our ever growing list of family finance bookmarks. Each week, we pick our favorite articles from the previous week and post them here.

This week’s picks: stick figures, allowance with no strings attached, and tips from real moms. Here they are:

Is the Reward System Smart?

Reward Systems

“Ninja” posts a witty and provocative commentary on the use of reward systems with kids. It’s based on his wife’s experiences in the classroom but crosses over to kids at home, allowances, chores, etc.

Don’t miss the comments. There are several thoughtful ones from parents, teachers, and even researchers (like this one).

As an added bonus, Ninja’s stick figure cartoons are pretty darn entertaining. If you like ’em and want to see more, check out his Stick Figure Blog.

Allowance: For Learning or Reward?

by Gail Vaz-Oxlade Guest posting on Get Rich Slowly

Gail, who’s back on our list from last week, also weighs in on the rewards and allowance topic. She shares her definitive opinions on the age old debate of whether or not allowances should be tied to chores. Check out Gail’s defense for why allowances should “come with no strings attached,” and see how readers reacted in the comments.

Ask DSM Readers: How Do Allowances Work in Your Home?

Tara asks her readers to share descriptions of how allowances work in their homes. She gets a number of thoughtful tips and stories from a variety of Moms. See them here.

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