Articles Tagged ‘giving allowance’

The Pros and Cons of Giving a Child an Allowance
Monday, March 25th, 2013
The Pros and Cons of Giving a Child an AllowanceStarting to raise a child will involve a number of changes to your financial world. Your budget will change, your spending priorities will change, and your long term financial planning will change as well. Another aspect of your financial responsibility towards your children is teaching them about money and personal finance. There are different techniques for doing so, but many parents have found that a direct approach – actually getting children to make financial decisions for themselves – is the most effective. This has traditionally been done by giving the child an allowance each week or month. Here are some...

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