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According to a research by T. Rowe Price, 70 percent of kids get some kind of allowance nowadays. It’s essential that parents empower them with financial knowledge and freedom.


While there are arguments against giving allowance to kids, two studies from the “Journal of Economic Psychology” and T. Rowe Price indicate that kids who receive allowances tend to be more knowledgeable than kids who don’t.

Studies have shown that a good number of parents are poor financial role models for their kids. If you’re considering giving an allowance to your kids, here are some basic things to consider:

1 | Have a plan

Before you place your kids on an allowance, consider your motivation for doing so. Why do you want to place them on an allowance? How much? How often? And most importantly, what do you hope to achieve by placing them on allowance?

Make a decision about whether you’d like to give your kids a weekly or a monthly allowance. A weekly allowance may be more appropriate for younger children, as monthly may seem like too long a time span.

No matter how small a child’s allowance, you should encourage them to save a little from each, then talk about the benefits of saving money for the future.

It’s vital to keep a future goal in mind when considering an allowance plan for your child. Helping them set goals (and sometimes limitations) and sticking to a plan plays a significant role in guiding them.

2 | Brighten their financial future

Giving your kids an allowance can make their financial future brighter. Kids who receive an allowance prove to be better with money than kids who don’t.

Allowances give kids practice handling money. They learn some basic money management skills that will guide them toward eventual financial independence.

3 | Talk to your kids about money

Yes, giving your kids an allowance is important, but, that alone will not teach them everything they need to know about money. You need to talk to your kids about money, too.

Kids whose parents often talk to them about money have more confidence handling money than kids whose parents do not. Even talking about money in the presence of kids is good for them.

A study by the American Institute of CPAs (AICPA) indicates that kids commonly use their allowance money to purchase toys and to hang out with friends. This is mostly because parents are more comfortable and accustomed to talking about drugs and bullying than spending and saving.

Encourage your kids to set up a spending plan for their allowance. Show them an example of your own spending plan for the month, which may include gas expenses, groceries, electricity bills, and repayment of debt or a mortgage.

The more kids engage in financial discussions, the more likely they will learn valuable financial lessons and develop good money management skills as they grow older.

4 | Never base allowance on chores

One mistake some parents make is to base their allowance on certain conditions, such as chores to be carried out by their kids. Giving kids allowance based on chores is akin to giving them bribes.

This is not to say it’s not good to reward kids for good behavior or for performing chores at home. It just shouldn’t be tied to their allowance.

Research by UCLA researchers, Eva H. Telzer and Andrew J. Fuligni indicates that kids who don’t get paid for chores feel a greater sense of self-worth and contentment than kids who do.

When you pay kids for chores, you send a message that chores are optional, or worse, that they are not equal participants in the family. When they grow older, they may decide that the money isn’t worth the chores and stop participating altogether.

Also, never hold back a child allowance as a punishment for something they did wrong. A well-formulated allowance plan shouldn’t aim to control the child. The allowance should give the child the freedom to apply some independence and make some of their own choices. Keep in mind that we’re training our kids to be responsible adults, not imposing our will upon them.

5 | Let them make mistakes

People make lots of financial mistakes, and kids are no exception. Giving your kids allowance will enable them to make some mistakes, and that’s okay. These mistakes will give you the benefit and opportunity to educate them better on the importance of financial literacy.

Making mistakes now will help kids better manage their money in the future. For instance, a child is saving to buy a video game, but falls short of the complete payment because of an uncontrollable urge to buy an ice cream. Resist the impulse to make up the balance money for him and encourage him to save more to achieve his end goal.

Let kids learn as much from their mistakes as they will from making good financial choices. Help them celebrate the wins and talk over the unwise choices. Teaching your kids the consequences of poor financial decisions will help them in the long run.

This singular lesson can go a long way in setting them up to become sound financial managers in the future.

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Rachel McAdams didn't talk publicly about her pregnancy or her birth story. There are some things this working mama wants to keep to herself, but the fact that she needs to pump at work isn't one of them.

McAdams was recently doing a photo shoot with photographer Claire Rothstein of Girls Girls Girls magazine when she needed to take a pump break. Wearing Versace and a neck full of diamonds McAdmans did what mamas all over the world do every day, and Rothstein snapped a pic that is now going viral.

In an Instagram post, Rothstein explains that she and McAdams had a "mutual appreciation disagreement about who's idea it was to take this picture," but the photographer says she remembers it being McAdams' idea, "which makes me love her even more."

In her caption of the amazing photograph, Rothstein writes: "Breastfeeding is the most normal thing in the world and I can't for the life of me imagine why or how it is ever frowned upon or scared of."

The photographer added that she wanted to put the image out there to change perceptions about breastfeeding, pumping, and working motherhood.

McAdams decision to normalize pumping through this glamorous image is especially cool when you consider that she's not really a social media person, and spends a lot of days in much less glam attire.

She recently arrived for her first interview since welcoming her son in the spring wearing a grey shirt, baggy pants and sneakers, reportedly telling the interviewer (Helena de Bertodano for The Sunday Times U.K.), "I don't even know what I'm wearing today. The shoes are held together with glue. Isn't that sad? I need to get a life."

"I have clothes on and that's a good thing," McAdams told Bertodano during that chat. Her attire for that newspaper interview was a world away from the clothes she wore for the Girls Girls Girls shoot.

During her Sunday Times interview McAdams declined to discuss her son's name or birthdate.

"I want to keep his life private, even if mine isn't," she explained. "But I'm having more fun being a mum than I've ever had. Everything about it is interesting and exciting and inspiring to me. Even the tough days — there's something delightful about them."

Most of us will never look the way McAdams does in this photo while we're pumping, but we can totally understand that sometimes, motherhood means you're wearing sweats and sometimes it means you're pumping in your work clothes (even if for most of us, that doesn't mean Versace).

McAdams may be keeping some parts of her motherhood experience private, but by showing the world this part of her day, she's normalizing something that desperately needs normalizing.

Some mamas pump, and the world needs to know (and accommodate) that.

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To my children,

It's the New Year, and I have been doing a lot of thinking. I want to say, with all of my heart and all of my soul, that I am sorry. I want apologize for anything (and everything) I have said or done that made you feel less-than or sad or small.

I regret, so deeply, the hurt I delivered through harsh words or sideways glances, for steely eyes you didn't deserve and sarcastic replies you didn't understand. I'm sorry for being upset when I should have been more understanding, for resorting to frustration when I should have found more patience, for pulling away when I should have drawn near.

There were the times when you needed more from me, when you asked for more, and I simply couldn't provide. There were the moments when you wanted less of me, needed less from me, and I couldn't—or perhaps I just wouldn't—back away.

I start every day with a hope, a hope that I will be better than the day before.

Sometimes I succeed, but many times, I fail. Every so often, I fail in spectacular fashion. I think about all the times when I wasn't gentle enough or kind enough or attentive enough to you, about all the moments when I was too quick to anger and not quick enough to forgive.

You don't need me to tell you that I'm not perfect. Lord knows, you know far too well.

But I will say it to you, because I think it helps to hear me say it: I am not perfect. I make mistakes. I am human. I have flaws and cracks and blemishes; they are a part of me, just as they are a part of you.

Sometimes, my dear ones, my mistakes are small—like forgetting to pack your lunch or mixing up the dates for Tot Shabbat, or picking you up an hour late from a play date or accidentally switching your piano primer with your brother's, or sending a snack I know you dislike because I didn't have time to go grocery shopping and have no other food in the refrigerator. But sometimes, they aren't so minor.

Sometimes, my mistakes have to do with the way I've behaved, and the words I have said, and the way I have said them. For those times, and for all the times I failed to support you the way I should, or help you in the way you deserve, and love you in the best way I can, I am sorry.

I wish I didn't make so many mistakes. I'm a perfectionist at heart, but when it comes to parenting, there's still so much I haven't mastered. Even after almost a decade of doing this day in and day out, I still feel like a novice in so many regards and as green as I did on day one.

Precious ones, I've come to realize, no matter how hard I try, that I just can't get it right all of the time. I hope you can forgive my failings.

The older I get, the more I realize that life is a jumble of hits and misses. As many times as we try and succeed, we also try and fail. As much as we hope to do right, we often end up doing wrong. It is the story of the human condition—this mix of losses and gains, triumphs and defeats. It's all very messy (think sloppy joes and pancakes dripping with syrup kind of messy), and yet, it's all we know.

My darling ones, I want nothing more than to do right by you and be the best mother I can be for you. I want to love you unconditionally, support you unreservedly, and be present unambiguously.

In the New Year, I resolve to do better for you, to be better with you, and to act as if God is watching. You mean the world to me. You are everything to me. I love you, always and forever.

All my love,

Mommy


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People often say that having a second child doesn't much add to the workload of parenting. There's no steep learning curve: You already know how to make a bottle, install a car seat and when to call the pediatrician. And you're already doing laundry, making lunches and supervising bath time—so throwing a second kid in the tub isn't a big deal.

Except that it is. Having a second child doesn't just mean attaching a second seat to your stroller. Adding a whole new person to your family is more complicated than that, and it's okay to say that it is hard.

A new study out of Australia disputes the popular idea that after making the transition from people to parents, making the jump from one child to two is easy. The researchers found that having a second child puts a lot of pressure on parents' time and their mental health, and mothers bear the brunt of the burden.

When looking at heterosexual couples, the researchers found that before a first child is born both partners feel equal amounts of "time pressure," but once the child is born, that pressure grows, more so for mothers than fathers.

Basically, parents feel psychological stress when they feel they don't have enough time to do all they need to. One baby makes both parents feel more stress, but mom's increase is more than dad's. When a second baby comes, that time pressure doubles for both parents, and since mom already had more than dad, there's now a gulf between them.

The researchers behind this study—Leah Ruppanner, Francisco Perales and Janeen Baxter—say that after a first child is born, a mother's mental health improves, but after a second child, it declines.

Writing for The Conversation, the trio explains:

"Second children intensify mothers' feelings of time pressure. We showed that if mothers did not have such intense time pressures following second children, their mental health would actually improve with motherhood. Fathers get a mental health boost with their first child, but also see their mental health decline with the second child. But, unlike mothers, fathers' mental health plateaus over time. Clearly, fathers aren't facing the same chronic time pressure as mothers over the long-term."

The researchers say that even when mothers reduce their work time, the time pressure is still there and that "mothers cannot shoulder the time demands of children alone."

Adding a second child to the family isn't just a matter of throwing a few more socks in the laundry: It means a schedule that is already stretched is now filling up with twice as many appointments, twice as many school functions. Mothers only have 24 hours in the day, and as much as we wish we could add a couple extra hours per child, we can't.

Time simply can't change to help us, but society can. As the researchers noted, when time pressure is removed, motherhood actually improves mental health.

We love our lives, we love our kids, we love parenting, but there is only so much of our day to go around.

Ruppanner, Perales and Baxter suggest that if society were to help mothers out more, our mental health (and therefore our children's wellbeing as well) would improve even after two or three kids. "Collectivising childcare – for example, through school buses, lunch programs and flexible work policies that allow fathers' involvement – may help improve maternal mental health," the researchers explain, adding that "it is in the national interest to reduce stressors so that mothers, children and families can thrive."

Whether you're talking about Australia or America, that last bit is so true, but this research proves that the myth about second-time parenthood isn't. Even if you already have the skills and the hand-me-downs, having a second child isn't as easy as it is sometimes made out to be.

We can love our children and our lives and still admit when things aren't easy.

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We know life gets a little (okay, a lot) busy around this time of year so if you haven't crossed off everyone on your Christmas list just yet, here's your reminder that you've still got time. Fortunately, that Amazon Prime membership of yours comes in handy... especially for the holidays.

Here are some of the best last-minute gifts to get on Amazon. Also, that extra couple of dollars for gift wrapping is *so* worth it if it's available. 😉

1. Tape Activity Book

So your little can create just about anywhere—on the go, in the car or hanging out at home.

Melissa & Doug Tape Activity Book, $6.47

BUY

2. Instant Pot

Mama, meet your new best friend. 4.5 stars with nearly 30K reviews.

Instant Pot 8-qt, $89.95

BUY

3. Silicone Teething Mitt

Offer relief to your teething one with a mitt that stays in place.

Itzy Ritzy Silicone Teething Mitt, $8.99

BUY

4. Roomba

Give the gift of never having to manually vacuum again.

iRobot Roomba 690, $279.00

BUY

5. Magnetic Tiles

These are always a favorite for kids of all ages. Build endless possibilities and work on fine motor skills—win-win!

Magnetic Tiles Building Blocks Set, $31.99

BUY

6. DryBar Triple Sec

Perfect addition to mama's stocking, or paired with a salon or blowout gift card. Adds *so* much texture and volume.

DryBar Triple Sec 3-in-1, $35.99

BUY

7. Plush Animated Bunny

Plays peek-a-boo and sings for baby.

Animated Plush Stuffed Animal, $32.97

BUY

8. 23andMe

Learn everything you want to know about your family history, where you came from, and even information about your genetics.

23andMe DNA Test, $67.99

BUY

9. Boon Bath Pipes

Make bath time more fun. They suction to the wall and can be played with individually or altogether in a chain.

Boon Building Bath Pipes, $14.99

BUY

10. HP Sprocket Portable Photo Printer

For printing all of those adorable Instagram moments—and for getting *all* of the photos off your phone.

HP Sprocket Portable Photo Printer, $99.95

BUY

11. Board Blocks

Kids can sort, learn colors and shapes, and work on their hand-eye coordination.

Wooden Educational Geometric Board Block, $6.39

BUY

12. Ring Doorbell + Echo Dot

A great bundle for the techie in your life.

Ring Doorbell 2 and Echo Dot, $169.00

BUY

13. Pai Technology Circuit Conductor

For the little who wants to learn to code, this offers endless learning fun.

Pai Technology Circuit Conductor Learning Kit, $69.99

BUY

14. Kindle Paperwhite, Audible + Headphones Bundle

Bookworms will love this bundle. Enjoy a new Kindle Paperwhite, wireless bluetooth stereo headphones, and 3 month free trial for Audible for new users.

Kindle Paperwhite Bundle, $139.00

BUY

15. Wooden Grocery Store

We love this imaginative play grocery store, complete with a beeping scanner and hand-cranked conveyor belt.

Melissa & Doug Freestanding Wooden Fresh Mart Grocery Store, $179.99

BUY

Motherly is your daily #momlife manual; we are here to help you easily find the best, most beautiful products for your life that actually work.We share what we love—and we may receive a commission if you choose to buy. You've got this.

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