By Karen Richardson, HBOR

Parents often ask me if they should give their children an allowance. The answer is yes! As our children grow and change they will have many different dreams for their future, but whichever path they take they will need to know how to manage their money.

You may have read Money Coach Kathryn Mandelcorn’s recent post about being the architect of your financial future, she suggests people look at their  family history around spending and saving to understand their current relationship to money. Your children’s future habits are being shaped right now. The good news is you’re in a position to help shape them.

Of course not everyone sees that influence as good news. One of the concerns I hear from many parents is that they don’t think they are doing a great job with their own finances, so they shy away from “teaching” their kids. I say that’s all the more reason to make teaching their kids about money a priority! Kids are watching and listening all the time, so you are either actively or passively teaching them your attitudes to money every day.

So where do you start?
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