allowance

How Much Allowance Should I Give My Child?

How Much Allowance Should I Give My Child?

How much allowance should you pay your child? It's a complicated question without a clear answer. Allowances are a personal decision based on many factors. One report shows the average allowance amount for kids between the ages of 4 and 14 is $9.59 per week. Broken down by age, 4-year-olds averaged $4.18 per week while 14-year-olds averaged $13.87 weekly. Age is one factor, but it's not the only one. Allowance may depend mainly on your financial situation. Many parents also factor in chores and what kids have to do to earn the allowance. We've put together a guide with different…
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