Two thirds of american parents give their kids an allowance, averaging about 30 bucks a week. A child psychologist new york says if children receive allowance without any contingencies, it sets the presedent that free money is available. Some economists and psychologists say a better way to do it is to let catos earn money for chores that are usually not their responsibility,. like really gross chores involving cat turts and stuff. Also, cluding kids in financial discussions and budgeting can help them when it comes to their own finances later in life.

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