Whats an Appropriate Allowance For Kids?
Parents give their children a regular allowance for a very simple reason: they are their children. While giving an allowance to children is not direct payment for work done at the home, a lack of effort to help might affect the amount they earn. The following will present some suggestions regarding the difficult decision of just how much money children should earn from their allowance. Take the child’s age into account. When children are still quite young, perhaps seven or eight years old, they are not so interested in clothes and other fashion accessories. Their allowance is really just a way for you to teach them about money at this point. You can help them make purchases within their limited means, however, by taking them on trips to the dollar store to buy candy or small toys. As children grow, the things they want to spend money on will change dramatically. When kids approach their teen years, fashion and sports tend to dominate their purchases. At this point, an allowance could b
