Allowances for the Little Ones?

December 26, 2007 by
Filed under: Financial 

Raising4boys gives some advice on when to start an allowance and a what amount to give them. He bases their allowance on a formula so they get automatic raises at certain intervals. He also stresses the need to have them split up their allowance, giving it to different sources. I think they should also pay taxes back to the House just to get used to the idea. ;)

Comments

One Comment on Allowances for the Little Ones?

  1. dad on Wed, 2nd Jan 2008 7:32 am
  2. Heh. Clever idea on having them pay taxes back to the household.

    Thanks for the mention!

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