allowance

Kids have a pretty sweet situation with allowance money these days. I think I scored $2 per week from my parents to start, and then later on I got an extra $1.50 or $2 for mowing certain sections of the yard. That’s how I could afford those hot eleven dollar jeans! The average allowance nowadays is just over $16 a week or $65 per month, according to the American Institute of CPA’s. That comes out

For years, the prevailing wisdom behind doling out allowances to kids has been that the practice helps children learn about budgets, which, in turn, leads to better spending habits when they grow up — assumptions that may not be true.