In this time of instant gratification and entitlement, it is more important than ever to teach our children the importance of financial responsibility and accountability. What’s the best way to give kids hands on money management practice? How much allowance is appropriate and should it be tied to chores at home? Should paid chores be in addition to allowance? Do you encourage your child or teen to do outside jobs? How do you encourage savings? Bill Dwight developed a Virtual Family Bank to help parents teach children financial responsibility by using the technologies all kids are immersed in
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