Do you fret about giving your kids too much autonomy when it comes to money and allowance? In this episode of The Art of Allowance Podcast, my guest David Owen offers a candid, funny and time-tested glimpse into the family financial system he wrote about in The First National Bank of Dad: The Best Way to Teach Kids About Money. This is a wonderfully written and hilarious book which heavily influenced my most recent work, The Art of Allowance. Using a method he developed to provide maximum age-appropriate control, David was able to raise two money-smart, money-empowered children. David has been a staff writer for The New Yorker since 1991, and he is also a contributing editor at both Golf Digest and Popular Mechanics. Named one of The Fifty Funniest American Writers, he is the author of more than a dozen books, including the aforementioned First National Bank of Dad and the recent Volume Control: Hearing in a Deafening World. This episode is chock-full of enlightening information, from simple tactics like David's enhanced interest program to his broader philosophy that autonomy drives learning. I hope you enjoy this discussion as much as I did.
The Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy