I don't place any requirements on my childrens' allowance. For me, the point of the allowance is for them to learn how to manage their money. I will suggest that they save, donate, etc., but it is not required. If they blow their whole allowance or savings, it is a lesson learned, and we will definitely discuss it. I feel that by placing rules on the allowance, it puts me in control, which defeats the purpose.
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