Giving allowance is an American tradition that picked up steam before the start of the 20th century. As there was more stuff for youngsters to buy, child-rearing experts started to tout allowance as a way to instill good spending habits.
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When is the best time to start teaching kids about finances? Trae Bodge, Senior Writer for The RetailMeNot Insider, advised that parents should start ...
Kids who are given money do not perceive real ownership of that money since they did not earn it or give up anything for it
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