Cost of Living

How much money we should give our kids and whether they should have to save it

Family economics mean spreading the wealth to the whole family sometimes — but just how much should kids be getting from their parents? We look at the best ways to deal with your children's allowance as they get older.
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Family economics mean spreading the wealth to the whole family sometimes — but just how much should kids be getting from their parents?

Should it be tied to chores? Should they be forced to save it? Or maybe they should get nothing?

Producer Tracy Fuller answers a Cost of Living listener question about the best ways to deal with your children's allowance as they get older.


Click "listen" at the top of the page to hear this segment, or download the Cost of Living podcast.