The Chores Checkbook

One of the most difficult things to get kids to do with an allowance is save it. If you give your kids their money in cash, it’s really easy for that cash to go in one pocket and out the other in the form of candy, movie tickets and impulse items at any store checkout line. Trying to get them a real-life checking account is another no-go, even though managing a draft account is one of the most fundamental personal finance skills kids need to learn.