4min chapter

No Stupid Questions cover image

105. Should You Give Kids an Allowance or Make Them Get Jobs?

No Stupid Questions

CHAPTER

The Benefits of Having a Paid Job Outside of the Home

If you are going to give your kids an allowance, then take a little bit of time to actually them to save. Just can't give a kid five dollars and be like, g they spent most of it. I basically say to my kids, if at any point you ou have money from allowance, from working, from a birthday present, from wherever, that you want to save, then i will match it. And it's called the bank of dad. You double their money, provided that it's not withdrawn within a reasonable time. Thatreasonable time is essentially forever. This is a savings account that's not meant to be spent. It's really meant to be a savings account

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode