Two weeks ago I handed my son his first debit card for his own bank account. Since he’s 15 years old, I figured it was time for him to control his own money. For the past couple of years he’s received a minimal allowance, which he’s never complained about. Most kids would scoff at $20 a week, but not him. Every time I handed him a $20, you’d think he’d just received $100.
But what he didn’t know was that technically he was earning $40 a week for the errands he’s required to do. For the last several years the extra $20 he wasn’t getting was going directly into his account.