4
You May Also Like
From Our Partners
Now You Know
Latest Family
Although having an allowance is a great opportunity for children to learn how to save their money and budget towards a want, there's also another side to the debate. Some don't feel they are teaching their child the right message by paying them for chores or tasks they are expected to do. Just as you don't get paid for making your bed or cleaning your room in the real world, they believe children shouldn't expect to receive a paycheck for being responsible and contributing expected tasks to the household. However, when your child goes above the basic cleaning and takes on odd jobs, this is a great opportunity to pay them for their work and teach them how to work towards personal financial goals.