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Paying Preschoolers?
Determining If Your Child Should Receive an Allowance
By Allen Martin
If $1 per year of age per week sounds like a great deal, have them use the money for the future. For example, have them give some of the money to charity. Have them give some of the money to the family cause, and force them to put some of it into the bank.
The bottom line is not to simply give your child an allowance regardless of how much you decide is appropriate. Use this money to teach positive money habits and lessons.
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