What kind of allowance should I give my kids?




What kind of allowance should I give my kids?

By Karen Goodfriend

What kind of allowance should I give my kids? Unfortunately, there are no hard-and-fast rules about how much to give kids for an allowance. The best tactic is to start off with a small amount when your kids are young and they start asking for specific items, but make sure they show some concept and understanding of money first. Then, increase the allowance incrementally as they get older and show they can handle what you’re giving them.

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