In 2015, 70 percent of parents reported giving an allowance to their children ages 8 to 14, according to the Parents, Kids & Money survey from T. Rowe Price. This is an increase from the 47 percent in ...

The most common way to begin teaching financial responsibility to our children is by giving a weekly allowance. It’s a direct, effective approach that empowers children to make financial decisions for ...

Giving an allowance is one of the most basic child-raising concepts that also happens to feel the most complicated. How much should you give? How do you teach financial responsibility from a young age ...

It’s never too early to learn the importance of budgeting and saving money. Most parents start this lesson early-on by giving their children an allowance. The concept of an allowance for kids is ...

As a young child, I got an allowance and spent it unwisely buying my “friends” penny candy and comic books. I found out my “friends” were gone as soon as my money was. Lesson learned. Allowances are ...

Many parents wonder how to teach their children to be financially responsible. Paying children an allowance can be a great way for children to learn how to make wise choices. Here are some key ...