Richard Eyre

Richard and Linda Eyre, authors and parenting experts, dive into the concept of a family bank to combat entitlement in children. They discuss the importance of teaching kids about money early and the pitfalls of traditional allowances. Richard illustrates how to set up this unique banking system, where kids earn money through specific household jobs, fostering responsibility and accountability. The Eyres emphasize letting children make financial mistakes in a safe environment and the role of grandparents in reinforcing these lessons, ultimately advocating for a practical approach to financial literacy.