Thursday Thought

thursday_thought_george_bernard_shaw“The possibilities are numerous once we decide to act and not react.” —George Bernard Shaw

8 Tips for Setting an Allowance That Works

by Christine Carter and Candice McGarvey @herdollars


Following these rules will teach your kids to be responsible with money.

In a radio interview that went viral this summer, a privileged young woman going by the name of Kim confessed she had blown her college fund. Her grandparents, she said, had given her $90,000 to attend a school costing her $20,000 a year. But the money was gone, so she had no way of paying for her upcoming senior year. Kim said she spent the money on school clothes and other goodies: “I probably should have not done that. I took a trip to Europe.”

Kim blamed her parents. “…Maybe they should have taught me to budget or something,” she said. “They never sat me down and had a real serious talk about it.”

We can’t tell whether Kim’s story was a hoax or not. But the issue her interview raised is real: Most kids don’t grow up to be financially responsible adults. So how can we ensure that our sons and daughters grow up to be financially responsible?

If you still have children living under your roof, the solution is plain: Give kids an allowance. Continue this post on to learn our 8 essential tips for setting an allowance that works.

Demand A Plan to End Gun Violence

How many more mass murders before our leaders pass common-sense laws to prevent gun violence and save lives? Demand a plan.

Sign up for Christine’s weekly Happiness Tip email...It’s FREE!

Upcoming Classes & Events

Friday, October 9, 2015
Cracking the Habit Code
registration open -- enroll now!
Friday, October 9, 2015
Peak Advisor Alliance
Omaha, NE
Wednesday, October 14, 2015
Memorial BrainWorks
South Bend, IN
Saturday, November 7, 2015
YPO Indiana
Indianapolis, IN
Thursday, November 19, 2015
Pennsylvania Conference for Women
Philadelphia, PA

Recent Press

NY Magazine,The Science of Us
Put the Boring Things In Life on Autopilot

Fast Company
How to Achieve More by Doing Less

Everyday Health with Dr. Sanjay Gupta
6 Ways to Be Happy Alone

Success Magazine
The Science of Being Happy

The Dr. Oz Show
Happiness Boosters

PBS Newshour
What Makes Us Happy?