Lawrence Kohler's Blog – May 2023 Archive (1)

Teaching kids about money management is an essential life skill that will benefit them throughout their lives. One effective tool that parents can use to impart financial knowledge is by providing their children with an allowance. An allowance not only teaches kids about the value of money but also instills important lessons on budgeting, saving, and responsible spending. In this article, we will explore the benefits of giving children an allowance and discuss…