Giving a child an allowance can be a good way to teach them about money management and budgeting. It can also be a way to give them some autonomy and responsibility. However, there is no one-size-fits-all answer to this question, as the appropriate amount and frequency of allowance will vary based on the child’s age, maturity level, and family circumstances. It is a good idea to discuss this with your family and come up with a plan that works for everyone.
