Allowance is one of the ways a parent can teach a child about money. It is really the first time your child is learning to budget. Based on your child's age budgeting can mean just saving allowance for a few weeks to get something they want. If a child is older, it may mean having enough money at the end of the month to go to a movie with a friend or to start a savings account for a large purchase. Raising Financially Independent Children is a practical guide for parents. Chapters are organized by age to make it easy to find exactly what your child needs at any age.
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