Parenting: Allowances, paid chores teach responsibility, budgeting, money skills

 Most would probably agree that allowances teach children budgeting and money skills. The tricky part is setting up allowances so that kids learn about earning and spending. How much is fair pay for an allowance? Should children children have to earn allowances Should some tasks be paid chores and some unpaid chores? Which should be paid chores? What items should kids spend their allowances on and what should parents buy? Here's a Q-and-A guide to pay allowances to teach responsibility, self-care, budgeting and money skills. Parenting: Allowances, paid chores teach responsibility, budgeting, money skills | Examiner.com