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Profitable Ideas: Learning to Let Go, The Pros and Cons of Allowances, and More

Weekly list of curated personal finance articles from around the web.

Helicopter money (The Contessa Counts). Letting go isn’t easy, but it’s so important.

31 years of stock market returns (A Wealth of Common Sense). To succeed as an investor, you have to stay with it.

Do you spend money more like a millennial or a boomer? Take this quiz to find out. (Washington Post). I’m not sure you’ll gain any major life insights here, but it’s interesting.

How do I prepare my kids for financial responsibility? (FaithFi). Preparing your kids for college begins well before high school.

College isn’t for everyone (World). It’s a complicated decision that goes beyond career path considerations.

Five money lessons from a dad — and a financial advisor (Kiplinger). Some good lessons that can be taught within the rhythms of daily life.

Do allowances help children become good money managers? Maybe. (Washington Post). “Unless you are prepared to use the transaction to teach your child how to be money smart, don’t do it.”

What to do when someone wants to “keep insurance out of it” (bankrate.com). You need to have more than insurance; you need to be ready to deal with what can happen if you ever need it.

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