How Whitney and Molly Teach Kids About Money

My friend Molly Liggett and I talk about the many experiments we've tried over the last decade or so to help our kids learn how to manage money. We talk about allowance vs. paying per chore, and we get into the nitty gritty details about how much we pay our kids, what we expect them to do around the house, what they pay for themselves and what we buy for them, plus what we do when they owe us money and how we encourage them to save.