Chores and allowances have long been a way of life for many families with children. For some, chores were something you did while growing up because they were part of everyday family life. For others, ...

JACKSONVILLE, Fla. – Where do you start when giving an allowance to our children? What age and how much is appropriate? Should it be tied to chores? These are all understandable questions, but all the ...

"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." My 9-year-old daughter gets $10 per month as an allowance. Here's how we arrived at that figure: She ...

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 ...

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 ...

Meg Wheeler is a certified public accountant (CPA) and a financial educator. She's also a mom to an 8-year-old, who gets an allowance that isn't tied to chores. She says this lets her use the ...

This summer, many parents want their kids to take on more responsibility around the house. The question many parents are asking is: should I tie an allowance to chores? Steve Siebold, Certified ...

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 ...