In this age of recession, it is vitally important to teach our children basic money management skills. The Bank of Allowance Givers (BAG) system will help you teach your children strong money management skills, with an emphasis on saving instead of spending. Through their own real life experience with their own allowance money, your children will learn the pitfalls of high interest credit, and the importance of not spending more money than they have in their BAG account. With the BAG system you will: • Discuss with your child what chores must be done each week to earn an allowance. •.
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