Allowance isn’t just pocket money — it’s one of the best ways to teach kids real-world money skills. In this episode, Christi sits down with Robin Taub, author of The Wisest Investment, to talk about how parents can use allowance as a practical tool for raising financially confident kids.

You’ll learn:

• Why allowance matters — and how it helps kids learn responsibility, independence, and decision-making.

• Ages 5–8: How to introduce allowance and simple lessons about earning, saving, and spending.

• Ages 9–12: How to evolve allowance as kids start setting goals and managing bigger spending decisions.

• Ages 13–17: How to use allowance to teach budgeting, smart spending, and preparing for financial independence.

• How to avoid common allowance pitfalls — and keep money conversations positive, not stressful.

Whether you’re just starting out or rethinking your family’s approach, this episode will give you the tools to turn allowance into your child’s first — and wisest — investment.

Show Links:

https://www.thewisestinvestment.com/

https://robintaub.com/

https://www.instagram.com/robin.taub/

https://www.facebook.com/RobinTaubFinancialConsulting

https://www.linkedin.com/in/robintaub/

Chapters:

00:00 The Power of Allowance

02:37 Should Allowance Be Tied to Chores?

04:20 Determining Allowance Amounts

06:05 What If Families Can't Afford an Allowance?

07:11 Digital vs. Cash Allowance

09:47 Starting Allowance: Age and Method

11:50 Stop Allowance When Teen Gets a Job?

12:56 Shifting from Allowance to Budgeting

14:03 Aligning Financial Personalities with Values

17:33 One Step to Take this Week