I have a preteen child who is starting to become interested in money and wants to start receiving an allowance. I want to use this opportunity to teach my child good financial habits and responsibilities, but I'm not sure where to start. I never learned about finances growing up and I don't want my child to struggle with money management like I did.
What are some tips or resources you can recommend to help me teach my preteen child about budgeting, saving, and spending? How much allowance should I give and how can I make sure my child uses it wisely? Any advice or personal experiences would be greatly appreciated. Thank you!