The word “allowance” might conjure up images of trust-fund kids and seems to hint at getting paid to do nothing. Poll a few of your friends about whether or not kids should get an allowance, and you’ll hear all sorts of answers. I’ve found there are several different camps on this issue, including those who believe kids should:
1. do chores because they get a place to sleep and food to eat
2. be paid by the chore to learn the value of working for money
3. receive a set amount of money every week to do chores as needed or
4. be paid an allowance to learn how to manage money.