Like us, many parents have a difficult time trying to determine which allowance strategy is best for their family. In a quick, thoughtful vlog, Belmont Savings President and CEO Bob Mahoney offers a few suggestions about different options and what worked best for his family. Bob is the former president of Citizens Bank, and is the father of three girls, and is cofounder of Community Gems, a collaboration of non-profit agencies that work together with community partners to meet the diverse needs of youth and families.
We have tried different ways to provide allowances to our kids, many without success. Now that our oldest monkey is 15, he has a part-time job and pays for his "extras" himself... but we love to hear great strategies from our readers.
Please comment below with YOUR family's allowance strategy and your story!
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