Teach Children About Money With a Weekly Allowance

Mum used a very simple rule when we were schoolchildren. She gave us weekly pocket money which was about double what we needed and used to tell us "Right, this is your money for the week. It's up to you how you spend it. Don't come asking for more before the week is up because you'll get nothing." We never did and I remember actually saving from my allowance!

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Helping Your Children Understand Money
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