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Chores and Allowance: Should Parents Pay Kids for Chores?
Whether or not to tie allowance to chores is one of the most hotly-debated parenting topics around. Find out why many child experts advise against it in most cases, and learn when they feel it is okay to pay kids for doing chores.
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3 Simple Allowance Rules for Parents
If you’re already giving your kids an allowance or are starting to consider it, here are 3 simple rules to make sure you stay consistent about the messages you send to your children about money and responsibility, no matter how much you decide to give them.
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Allowance 101: A Parent’s Guide to Giving Kids Allowance
Peace In Your Home weighs in on the allowance debate. Roughly 60% of all children receive an allowance, or a set amount of money given on a weekly or monthly basis that they can spend (or save) as they wish. Parents, child experts, and financial gurus see allowances as the first lessons in personal money management.
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