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Children Allowance

Allowance, Modern Family and My Family

Beth Kobliner | Posted 01.27.2013 | Parents
Beth Kobliner

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.

New Rules for Your Kid's Allowance

Beth Kobliner | Posted 11.05.2012 | Money
Beth Kobliner

If it's "their" money, shouldn't they be rewarded for saving by being able to buy what they want? Er... no. We wouldn't allow our kids to buy endless amounts of tooth-rotting candy, would we?