

Money can’t buy you love, but it sure does help when it comes to food and housing. More: Talking to Kids About Family Finances It shows them that money matters But in case you were thinking about skipping the whole pocket money thing with your kids, here are three key reasons to give that allowance after all.

We’re not talking about anything ridiculous here keep allowances age-appropriate and reasonable. Whatever your preferred approach, is it really necessary to shell out a few dollar bills every week or month just to introduce your kid to the whole moneymaking idea? Yes. Other parents believe chores should be unpaid because in real life (i.e., adulthood) you don’t get monetary compensation for simply cleaning up after yourself.

Some parents prefer letting kids earn money for household help such as doing the dishes or making their beds as an early intro to the adulthood concept of paid employment. You may or may not want to use it as an incentive for your kids’ chores, for example. Of course, there are a few different methods for giving kids pocket money.
