10-Minute Money Tune-Ups
Evaluate Your Allowance Structure
Allowance is very personal and unique to every family situation, but it's important to review periodically and adjust as your child grows, as well as to make sure the system is serving its purpose—teaching your kid good financial habits—rather than just giving away money. A good rule of thumb is to give your child one dollar per year of age (so an 8-year-old might get $8).
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