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09/23/2014 11:26 am ET Updated Sep 23, 2014

Allowance Advice Every Parent Needs To Hear

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Allowances seem like a relatively easy way to teach kids some basic lessons in financial literacy. If you give them a small amount of cash each week, perhaps in exchange for completing a chore, then they can practice saving and budgeting their money. But the traditional allowance might not be the best way to impart those financial lessons, and in fact, some experts argue the practice could be doing more harm than good.

Read more on U.S. News & World Report

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