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MILKLESS

#34 Allowance, Money, and the Fair Market Value of 1,000 Swedish Fish

21 min • 20 december 2023

The Second half of a two part episode on chores and allowance: Man, oh man - it's hard to think of a much more fraught subject than MONEY. Is it the root of all evil, or the thing that makes the world go round? Maybe a little bit of both? Like it or not, developing a healthy relationship with money and a basic knowledge of how to manage it makes a huge difference in your stress level, sense of self-worth, and quality of life. So, when is the right time to start introducing our kids to the concept, and what's the best way to do it? Are we paying for chores, or setting up a monthly stipend? Do parents get a vote on purchases, or is it truly their money to spend? And how do we balance the knowledge that kids learn things best when they're young, with the truth that money (not just the dollars and cents of it, but the cultural significance it commands) is an awfully heavy idea to carry. This episode, like all the other ones, is totally free. We're still working out the economics of that setup.

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