Re: What is a fair amount to pay for allowance?
for my nieces and nephews: they were given a set amount ( i think 5 dollars) and to earn more they had to complete ALL their chores that week and extra pieces too. My sister figured everyone should have a little bit of fun money to have. However, there were restrictions and from early on they were taught the power of inversting and interet. My sister was the "bank" that paid interest and bonuses for good stuff done.
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