Chores and allowances have long been a way of life for many families with children. For some, chores were something you did while growing up because they were part of everyday family life. For others, ...

It's one of those questions that come up time and time again. Do you pay your kids to do chores, showing them how the real world works and giving them a bit of an incentive? Or do you give them an ...

Teaching kids about money management has become increasingly critical, especially since more than half of today’s young people report feeling unprepared for their financial futures. While tracking ...

Meg Wheeler is a certified public accountant (CPA) and a financial educator. She's also a mom to an 8-year-old, who gets an allowance that isn't tied to chores. She says this lets her use the ...

Here's how Tracy Holmes, a mom of two from Fayetteville, handles the question of chores and allowance. We do the allowance not tied to chores thing. Everyone gets some spending money in order to learn ...

This summer, many parents want their kids to take on more responsibility around the house. The question many parents are asking is: should I tie an allowance to chores? Steve Siebold, Certified ...

JACKSONVILLE, Fla. – Where do you start when giving an allowance to our children? What age and how much is appropriate? Should it be tied to chores? These are all understandable questions, but all the ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Chores and allowances have long been a way of life for many ...