Allowance or Not?
One of the most important lessons all kids should learn is that you have to work to earn money. Parents are not required to give you an allowance for keeping your room clean, putting your things away or doing your homework. Some of what you do at home is your responsibility, just as providing you with food, clothing and shelter is your parents’ responsibility. With this in mind, should you receive an allowance?
An allowance is a great way for you to learn to earn, save and spend money wisely. Talk to your parents about chores you can do to make extra money. For instance, you could clean out the garage, rake leaves, mow the lawn or do other helpful tasks.
When you learn how much work is required to earn the money for the bike or video game you want, you will understand that a good work ethic is a valuable quality to possess. Read more about this at Should You Give Your Kids an Allowance?, pbs.org/parents/special/article-finance-should-you-give-kids-allowance.html.
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