Money Talks: Should Your Child Have An Allowance?

Parents may wish to oversee the spending of their child's allowance, not allowing for certain things such as spending money on candy. Other parents may allow their children to spend their money as they wish. Make sure this is established from the beginning if you do have certain expectations.

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Some parents may ask that a portion of the child's allowance be automatically set aside for a charity or church. This is a great way to teach children the gift of giving to others.