4min chapter

No Stupid Questions cover image

105. Should You Give Kids an Allowance or Make Them Get Jobs?

No Stupid Questions

CHAPTER

Is Your Child's Allowance Really Teaching You About Money?

Survey found that kids are raking in the surmises, an average of 30 dollars a week an allowance. Only three % of parents say their kids primarily save their allowance. Three quarters sof americans say that the most important purpose of providing an allowance is to teach the child about the value of money and financial responsibility. However, the survey found allowance money is rarely saved.

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