Understanding how to manage an allowance is essential for kids as they grow. It not only teaches them about money but also helps build important life skills such as budgeting, saving, and financial ...

Inflation is prompting families to rethink their household budgets. We developed an allowance plan that teaches our two teenagers about budgeting and family finances. For instance, allowance is given ...

DR. WALLACE: Dr. Wallace, do you feel all teenagers should get an allowance? And I have a second question: Is it fair for parents to make the teenagers do chores in order to earn the allowance? When I ...