Balance the Allowance

So I am sure most of us give our kids an allowance. I have taken it a step forward and I have given my child a “check book” to balance. I think that, of course, one must teach adding, subtraction, division, etc but they also need to learn how to balance their funds responsibly. So far this year it has been going really well. She has learned to take a percentage and transfer it to her “savings” account. When she wants to make a “major” purchase she consults her financial adviser “mom” 😉
School shouldn’t just be ABC’s & 123’s it should also be about learning things one needs to be successful in life.