For teaching her kid money smarts

Tess Vigeland: Our little blue plastic friend is headed to Omaha, Neb. Nancy sent us an email after last week's show, to tell us about the method she used to teach her youngest daughter about money. She got a weekly allowance, and if she saved half of it, her folks would match that. The savings could go toward big-ticket items when it reached at least $100.

Nancy tells us her daughter tended to use more expensive make-up products, so they would provide an amount equal to something more generic, and she could make up the rest of the cost herself.

She's 29 now, Nancy tells us, the best money manager and frugal shopper I know in her age group. Sounds like a method that worked! Thanks for sharing, Nancy, and piggy looks forward to making a new home in the Corn Belt!

About the author

Tess Vigeland is the host of Marketplace Money, where she takes a deep dive into why we do what we do with our money.

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