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Making Kids’ Allowance Count: The Key to Teaching Financial Literacy

Kids' allowance: Girl putting money into a piggy bank

Not surprisingly, opinions about how, why and when to give kids an allowance vary widely. Many articles, particularly those on sites devoted to personal finance, tout the benefits to helping kids gain an early grasp of financial literacy. When done right, they argue, teaching kids to manage their own money, to earn, spend and save […]