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What amount of cash should kids handle, at what age, and what should they spend it on? Share your policy (anonymously) with other readers.
Questions about money and one's handling of it can be tricky to ask, and no one likes to feel judged on the way they raise their children. Perhaps you have always wanted to know how much pocket money other parents granted their children, but never found a way to bring up the topic. Well, RTL Today is being nosy for you.
You may have decided or agreed to give your children an allowance for their casual expenses, but still you wonder how to do it right? What is the right age to start? How much is enough? How much is too much? What should they spend that money on? Some would say that children should earn whatever money they spend; others, that handling a small amount of cash early will teach them to be responsible. So many questions a committed parent is led to consider...
We would like to know how you do it.
Through the anonymous poll below, you can let us know what your pocket money policy consists of. We will publish the results in an upcoming Family Matters article. Your information may prove useful to other parents looking for the best course of action for their children. Or it might help you discover, through comparison, what the ideal procedure would be for your own household.