5 Reasons Not to Give Your Kids an Allowance

Don't give your kids an allowance just because you received one. You might not want to give them one at all.

I received an allowance as a kid. I can't remember how much it was and can't say that it created any great financial habits.

I got an allowance mostly because my parents got allowances when they were kids.

But is tradition a good reason to give your kids money? There might be some good reasons for NOT giving your kids an allowance.

I've been discussing the poin...