How to set up allowances for kids

Most of us would probably agree that allowances teach kids good money-management skills. The tricky part is setting up the allowance so that kids learn about earning and budgeting money. How much is fair pay for an allowance? Should all chores be reimbursed? Which chores should be paid for? What items should kids spend their allowances on and what should parents buy? Here's a Q-and-A guide to answer those questions. Read more at How to set up allowances for kids 

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Freelance writer, Top 100 Yahoo! Voices, Yahoo! News, Shine, Michigan, Detroit), blogger, teacher, mom of 4, happily married 25 years. Graduated GVSU 1986, psychology/general education and special education. continuing ed up to present. Certified MI teacher. Writing Michigan history mystery, children's Gothic fantasy. Areas of expertise: education, relationships, mental health, nutrition, history, world cultures. Passions: faith, Catholic church, sustainable living, interfaith initiatives, living simply that others might simply live. Working on MA in EI education. 

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