How an allowance helps children learn about money
<p><span word="Many">Many</span> <span word="children">children</span> <span word="first">first</span> <span word="learn">learn</span> <span word="the">the</span> <span word="value">value</span> <span word="of">of</span> <span word="money">money</span> <span word="by">by</span> <span word="receiving">receiving</span> <span word="an">an</span> <span word="allowance">allowance</span>. <span word="The">The</span> <span word="purpose">purpose</span> <span word="is">is</span> <span word="to">to</span> <span word="let">let</span> <span word="children">children</span> <span word="learn">learn</span> <span word="from">from</span> <span word="experience">experience</span> <span word="at">at</span> <span word="an">an</span> <span word="age">age</span> <span word="when">when</span> <span word="financial">financial</span> <span word="mistakes">mistakes</span> <span word="are">are</span> <span word="not">not</span> <span word="very">very</span> <span word="costly">costly</span>.</p><p><span word="The">The</span> <span word="amount">amount</span> <span word="of">of</span> <span word="money">money</span> <span word="that">that</span> <span word="parents">parents</span> <span word="give">give</span> <span word="to">to</span> <span word="their">their</span> <span word="children">children</span> <span word="to">to</span> <span word="spend">spend</span> <span word="as">as</span> <span word="they">they</span> <span word="wish">wish</span> <span word="differs">differs</span> <span word="from">from</span> <span word="family">family</span> <span word="to">to</span> <span word="family">family</span>. <span word="Timing">Timing</span> <span word="is">is</span> <span word="another">another</span> <span word="consideration">consideration</span>. <span word="Some">Some</span> <span word="children">children</span> <span word="get">get</span> <span word="a">a</span> <span word="weekly">weekly</span> <span word="allowance">allowance</span>. <span word="Others">Others</span> <span word="get">get</span> <span word="a">a</span> <span word="monthly">monthly</span> <span word="allowance">allowance</span>.</p><p><span word="In">In</span> <span word="any">any</span> <span word="case">case</span>, <span word="parents">parents</span> <span word="should">should</span> <span word="make">make</span> <span word="clear">clear</span> <span word="what">what</span>, <span word="if">if</span> <span word="anything">anything</span>, <span word="the">the</span> <span word="child">child</span> <span word="is">is</span> <span word="expected">expected</span> <span word="to">to</span> <span word="pay">pay</span> <span word="for">for</span> <span word="with">with</span> <span word="the">the</span> <span word="money">money</span>.</p><p><span word="At">At</span> <span word="first">first</span>, <span word="young">young</span> <span word="children">children</span> <span word="may">may</span> <span word="spend">spend</span> <span word="all">all</span> <span word="of">of</span> <span word="their">their</span> <span word="allowance">allowance</span> <span word="soon">soon</span> <span word="after">after</span> <span word="they">they</span> <span word="receive">receive</span> <span word="it">it</span>. <span word="If">If</span> <span word="they">they</span> <span word="do">do</span> <span word="this">this</span>, <span word="they">they</span> <span word="will">will</span> <span word="learn">learn</span> <span word="the">the</span> <span word="hard">hard</span> <span word="way">way</span> <span word="that">that</span> <span word="spending">spending</span> <span word="must">must</span> <span word="be">be</span> <span word="done">done</span> <span word="within">within</span> <span word="a">a</span> <span word="budget">budget</span>. <span word="Parents">Parents</span> <span word="are">are</span> <span word="usually">usually</span> <span word="advised">advised</span> <span word="not">not</span> <span word="to">to</span> <span word="offer">offer</span> <span word="more">more</span> <span word="money">money</span> <span word="until">until</span> <span word="the">the</span> <span word="next">next</span> <span word="allowance">allowance</span>.</p><p><span word="The">The</span> <span word="object">object</span> <span word="is">is</span> <span word="to">to</span> <span word="show">show</span> <span word="young">young</span> <span word="people">people</span> <span word="that">that</span> <span word="a">a</span> <span word="budget">budget</span> <span word="demands">demands</span> <span word="choices">choices</span> <span word="between">between</span> <span word="spending">spending</span> <span word="and">and</span> <span word="saving">saving</span>. <span word="Older">Older</span> <span word="children">children</span> <span word="may">may</span> <span word="be">be</span> <span word="responsible">responsible</span> <span word="enough">enough</span> <span word="to">to</span> <span word="save">save</span> <span word="money">money</span> <span word="for">for</span> <span word="larger">larger</span> <span word="costs">costs</span>, <span word="like">like</span> <span word="clothing">clothing</span> <span word="or">or</span> <span word="electronics">electronics</span>.</p><p><span word="Many">Many</span> <span word="people">people</span> <span word="who">who</span> <span word="have">have</span> <span word="written">written</span> <span word="on">on</span> <span word="the">the</span> <span word="subject">subject</span> <span word="of">of</span> <span word="allowances">allowances</span> <span word="say">say</span> <span word="it">it</span> <span word="is">is</span> <span word="not">not</span> <span word="a">a</span> <span word="good">good</span> <span word="idea">idea</span> <span word="to">to</span> <span word="pay">pay</span> <span word="your">your</span> <span word="child">child</span> <span word="for">for</span> <span word="work">work</span> <span word="around">around</span> <span word="the">the</span> <span word="home">home</span>. <span word="These">These</span> <span word="jobs">jobs</span> <span word="are">are</span> <span word="a">a</span> <span word="normal">normal</span> <span word="part">part</span> <span word="of">of</span> <span word="family">family</span> <span word="life">life</span>.</p><p><span word="Paying">Paying</span> <span word="children">children</span> <span word="to">to</span> <span word="do">do</span> <span word="extra">extra</span> <span word="work">work</span> <span word="around">around</span> <span word="the">the</span> <span word="house">house</span>, <span word="however">however</span>, <span word="can">can</span> <span word="be">be</span> <span word="useful">useful</span>. <span word="It">It</span> <span word="can">can</span> <span word="even">even</span> <span word="provide">provide</span> <span word="an">an</span> <span word="understanding">understanding</span> <span word="of">of</span> <span word="how">how</span> <span word="a">a</span> <span word="business">business</span> <span word="works">works</span>.</p><p><span word="Allowances">Allowances</span> <span word="give">give</span> <span word="children">children</span> <span word="a">a</span> <span word="chance">chance</span> <span word="to">to</span> <span word="experience">experience</span> <span word="the">the</span> <span word="things">things</span> <span word="they">they</span> <span word="can">can</span> <span word="do">do</span> <span word="with">with</span> <span word="money">money</span>. <span word="They">They</span> <span word="can">can</span> <span word="share">share</span> <span word="it">it</span> <span word="in">in</span> <span word="the">the</span> <span word="form">form</span> <span word="of">of</span> <span word="gifts">gifts</span> <span word="or">or</span> <span word="giving">giving</span> <span word="to">to</span> <span word="a">a</span> <span word="good">good</span> <span word="cause">cause</span>. <span word="They">They</span> <span word="can">can</span> <span word="spend">spend</span> <span word="it">it</span> <span word="by">by</span> <span word="buying">buying</span> <span word="things">things</span> <span word="they">they</span> <span word="want">want</span>. <span word="Or">Or</span> <span word="they">they</span> <span word="can">can</span> <span word="save">save</span> <span word="and">and</span> <span word="maybe">maybe</span> <span word="even">even</span> <span word="invest">invest</span> <span word="it">it</span>.</p>
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