Young Americans Blog

Ask Amy: What Are the Top 3 Frequently Asked Questions from Parents About Kids and Money?

By: Amy Area Published: October 17th, 2013

This post is made possible through the generous support of Great-West Great-Teachers, a program of Great-West Financial.

2013_MoneyQuestionIn my job, I encounter hundreds of parents all looking for the same thing – or close to it. Whether it’s healthy eating, a strong work ethic, a dedication to school, or just a great attitude, most parents just want what is best for their children.

That’s why it doesn’t surprise me that there are three questions that come up with most parents. I’m going to share these questions and the answers I give to all parents.

Here are the top three questions I’m asked:

  1. How do I know the saving and spending personality of my child?
  2. Should I do an allowance with my kids?
  3. Should I let my child make money mistakes?

Watch this video to get my answers and explanations:

A few other questions I get are about the resources available. I’ve answered these questions in other blog posts, including, “What are the best apps for teaching money?” and “What are some books to read with my kids about finances?”  Be sure to check out these and other blog posts to carry on conversations in your house about money.

What other questions do you have? Ask your questions below and I’ll do my best to answer them!

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