Re: What is a fair amount to pay for allowance?
I feel allowance should be given to kids to help them learn about money. The amount depends on their age and responsibility. If they do not complete their assigned duties, they do not receive allowance. My 4-yr-old usually gets to pick out a couple toys from the dollar store, which is like a million dollars to her. My son usually receives $5 a week for taking out the trash, cleaning his room, putting his clothes away ect. Giving my kids allowance allows for a great deal of teaching oppotunities about money and saving.
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