The Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy AOA 082: An Allowance Is a Gift — Raising Money-Smart Kids with Barbara Coloroso
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Sep 22, 2025 In this engaging conversation, renowned parenting consultant Barbara Coloroso dives into her wealth of expertise with host John Lanza. She outlines three family types—brick wall, jellyfish, and backbone—emphasizing the need for a balanced approach in parenting. Barbara introduces her allowance philosophy: teaching kids to spend, save, and share from an early age. She also discusses the importance of allowing children to learn from mistakes and transitioning from parent to guide. Her insights on motivation and discipline are eye-opening!
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Teaching Kids To Think Produces Courage
- Raising children to think is crucial for ethical courage against peer pressure and bullying.
- Backbone parenting fosters choices that enable kids to act kindly even when it's costly socially.
A Parent's Repeated Habit And Promise
- Barbara shocked herself by repeating her mother's habit of tightly grabbing her children's arms in public.
- She promised her daughters she'd never do that to her grandchildren after they told her it bothered them.
Bike Purchase Taught Budgeting
- Barbara split the cost of an expensive bike with her daughter and let her earn the rest through chores and deals.
- The daughter later negotiated a used bike purchase, learning budgeting and negotiation skills firsthand.
