MSI Press Blog

  / Excerpt from  Clean Your Plate!  (Bayardelle)  -   Chapter 1 Do You Need Any Money?  (continued from May 22, 2024) So, How Do Kids Get Money?  So, now that we can all agree kids need some kind of financial experience, the questions become how do we give them money, how much should they get, and what (if any) rules should be attached to the way they spend it? We’ll go over each of these questions in the upcoming sections, but before we go any further, I want to make one thing very clear: not all household chores should be paid.  The Case for Unpaid Chores   There is a wealth of psychological research that demonstrates the long-term benefits of having kids do chores. Kids who were given chores at home have been shown to have better social relationships and higher grades, get better early-career jobs, and manifest a higher degree of self-sufficiency (M. Rossman, 2002, cited in Wallace, 2015).  These findings were strongest ...

Excerpt from  Clean Your Plate!  (Bayardelle)  -   Chapter 1 Do You Need Any Money?   The trope of Mom or Dad being a child’s ATM has gotten so common it’s not even a funny Internet meme anymore. (And if you’re at all familiar with the Internet, that’s really saying something.) Every parent knows that it’s probably bad just to hand their kid money whenever they want something, but that doesn’t mean we’re actually good at resisting the urge to do just that when the situation arises.  Why We Say It  If it helps assuage your parental guilt at all, this isn’t a bad impulse to have. You’ve spent the entirety of your child’s life trying to provide for all their needs, even trying to anticipate your child’s needs before they even occur so your little kidlet doesn’t have to want for anything. Do any of you moms out there have a purse whose sheer heft equals your body weight due to the abundance of granola bars, spare socks, and just in case t...