The website offers helpful information on kids allowance. An allowance can be a great way to teach your child money management skills. With an allowance, your child can learn how to make decisions, deal with limited resources, and understand the benefits of saving and charitable giving.
There's no one correct way to handle allowance. As you decide when to start it, how much to give, and whether you want to link the allowance to chores, it's important to make the choices that are going to be the best fit for your family and your situation.