This is a very common question asked by parents. They want to know how much, when to start and how to give it.
Some parents refuse to give allowances as they believe that children should learn the value of money first, understand what it takes to earn an allowance, and try to get it. Others use arbitrary rules. One of the most common ones is to give a dollar a week for each year of age. For example, a 5-year old will get $ 5 a month. Some parents may give $ 5 a week.
Another question that is...
Published on December 29, 2009 16:47