How Much Allowance Should Be, By Age Ages 4–6: Amount: $1–$3 per week; Structure: A small, consistent amount given on a set day (ie. every Sunday) ...

In general, you shouldn't penalize initiative by reducing the allowance, unless financial circumstances leave you no choice. Still, there may come a time when the important issue is how much money ...

Piggy banks might be on the endangered species list, yet your kids still need to learn about money. They're handling a lot of it. Kids ages 4 to 14 received an average $454 in allowance over the ...

A majority of parents in America offer an allowance in an effort to teach their kids about money. However, many are falling short of that objective even as they cough up more than $100 a month on ...

So your kid has asked you for an allowance, but you’re not sure how much money is appropriate or how to go about it. Good news: We did some research and tapped a financial expert to learn about ...

Maybe at $5, I’m erring on the low side, though. John Lanza, author of the book The Art of Allowance, told the New York Times that a good rule of thumb is the child’s age in dollars, per week ...

The average weekly allowance is now $30, according to a recent survey by the American Institute of Certified Public Accountants. If they saved it, kids would have enough cash to buy a used car ...

And on the other side of the allowance-philosophy scale is a dad, our friend David. He gives his 12-year-old $2 per week. His 10-year-old gets $1.50.