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Allowance or Wages? Teaching Kids the Value of Money
Manage episode 474565232 series 2533456
When it comes to teaching kids about money, one of the biggest questions parents face is: Should we give them an allowance or make them earn wages? In this episode of The Catholic Money Show, The Teixeiras tackle this hot topic from a Catholic perspective, blending financial wisdom with virtue-based parenting.
You’ll hear why some parents advocate for allowances, while others swear by paying for chores—and how Jonathan and Amanda have thoughtfully chosen a both-and approach. Learn how to balance gifting money as a teaching tool with paying for work to instill a strong work ethic.
If your goal is to raise money-smart kids and virtuous stewards, this episode will equip you with practical strategies and real-life examples from the Teixeira household. Plus, hear why the concept of work itself has inherent dignity and how to cultivate that mindset in your kids.
Resources Mentioned:
Wallet Win Kids: Financial literacy program for gradeschool, middle school, and high school—now 20% off through April 4th at walletwin.com/kids
Budgeting Basics: Learn to build a family budget at CatholicBudgetGuide.com
Follow Wallet Win:
- Instagram → @walletwin
- YouTube → Wallet Win Channel
Music in this episode is by Dylan Gardner – check out his album Almost Real on iTunes, Spotify, or wherever you listen to great music.
314 episodes
Manage episode 474565232 series 2533456
When it comes to teaching kids about money, one of the biggest questions parents face is: Should we give them an allowance or make them earn wages? In this episode of The Catholic Money Show, The Teixeiras tackle this hot topic from a Catholic perspective, blending financial wisdom with virtue-based parenting.
You’ll hear why some parents advocate for allowances, while others swear by paying for chores—and how Jonathan and Amanda have thoughtfully chosen a both-and approach. Learn how to balance gifting money as a teaching tool with paying for work to instill a strong work ethic.
If your goal is to raise money-smart kids and virtuous stewards, this episode will equip you with practical strategies and real-life examples from the Teixeira household. Plus, hear why the concept of work itself has inherent dignity and how to cultivate that mindset in your kids.
Resources Mentioned:
Wallet Win Kids: Financial literacy program for gradeschool, middle school, and high school—now 20% off through April 4th at walletwin.com/kids
Budgeting Basics: Learn to build a family budget at CatholicBudgetGuide.com
Follow Wallet Win:
- Instagram → @walletwin
- YouTube → Wallet Win Channel
Music in this episode is by Dylan Gardner – check out his album Almost Real on iTunes, Spotify, or wherever you listen to great music.
314 episodes
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