Pam Liyanage

Are allowances the right thing to do with kids? And if so, how much?

My son recently asked for a very expensive birthday gift. He wanted a super high-end art marker set. 36 colored art markers for over $200. I told him to keep looking.

Teach your kids to put the same amount of effort into everything they do. It’s part of their character. I know it’s hard. It is sometimes difficult for kids to see past their own needs. Keep pushing. Try using money as the explainer…

That feel-good rush is important and in fact, an essential part of learning about money handling and social responsibility. We need to give in order to understand value and reach.

Heinz Ketchup, Kleenex tissues, Campbell’s soup, Nike shoes, Pampers diapers? We all have our favourites. Would you abandon them for a sale-priced item?

A strong handshake is not just about strength, it’s about confidence. Confidence is 90% of the battle in anything kids do.