Should Your Kids Get An Allowance?

Here are several easy ways to teach your children the value of a dollar the right way.

Most money experts agree that children should be given an allowance in order to learn financial skills. I disagree. Children should earn money as we do. And, most importantly, they must be taught what to do with the money once it’s received.

I frequently speak on high school and college campuses and meet young people who have never worked a day in their lives. At 21 years old, many still somehow believe that money either really is grown on trees or that it magically falls from the clouds. There is a distinct disconnect between young people and this foreign concept of earning money.

At 42, Bruce Johnson, an Emmy-winning weekend news anchor for Washington, D.C.’s WUSA 9, appeared to an example of perfect health. He exercised regularly and had long given up bad habits like cigarettes and alcohol. So when Johnson started experiencing nausea, sweats and a strange feeling of discomfort while out on an assignment, the furthest cause from his mind was a heart attack.

You may religiously lather up in sunscreen on your way to the beach, but you need to exercise skin safety every time you’re under the sun. A recent study from the Journal of the American Academy of Dermatology revealed that more Americans develop skin cancer on the left side of their body, which is likely due to sun exposure while driving.