The Pros and Cons of Giving Your Kids an Allowance
The Pros and Cons of Giving Your Kids an Allowance
May 21, 2019
US News & World ReportSusannah Snider
Experts Say This Is the Allowance Kids Should Get for Every Age
Experts Say This Is the Allowance Kids Should Get for Every Age
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Average kid's allowance is almost $500 a year
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How I structured allowance for my kids? I started giving my kids allowance at 3 years old, and what I did was I had like a book, and it had like a column for date, description, debit, credit, and balance. And what I would do was I would write their allowance in there every single week, which had nothing whatsoever to do with chores. Every Saturday, I would write down their allowance, and then I’d show them the balance. They learned over the years how to save, how to spend, how to manage money, b
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