Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Chores and allowances have long been a way of life for many ...

Allowance should be tied to chores because it helps kids make the work-to-money connection that will become more important as they grow up, says Gregg Murset, certified financial planner and CEO of ...

Understanding how to manage an allowance is essential for kids as they grow. It not only teaches them about money but also ...

When it comes to teaching kids about money, few tools are as simple and effective as an allowance. More than just a weekly payout that kids can spend however they want, an allowance can become a ...

CLEVELAND, Oh - Should kids get their allowance if they don’t do their chores? Reader question: My teenage children get bi-weekly allowances. This was set based on them helping out around the house, ...

A psychologist says chores help teach kids responsibility and time management Age-appropriate tasks like cleaning up or mowing the lawn can build life skills Paying kids for chores is a personal ...