Kids learn money by handling it. An allowance with a few rules gives them practice before the stakes are high.
Set the rules
- How much, and how often.
- Whether it is tied to chores.
- A split, such as spend, save and give.
Keep the ledger
Write down what comes in and goes out. Let them see the savings grow toward a goal.
Our allowance ledger keeps each child's balance.
General information, not legal, tax or financial advice.
This article is general information, not legal, tax or regulatory advice. Rules change; confirm current requirements with the responsible agency or a licensed professional.
