According to my favorite blog, Squared Away, allowances help kids learn to manage their money. Recent research reports: "Kids between ages 8 and 14 who get an allowance were two times more
likely to feel knowledgeable about managing their money than kids who do
not – 32 percent versus 16 percent – according to a survey
of 1,000 parents and 881 children by T. Rowe Price. The kids with
allowances also feel they know more about credit, student loans, and
other financial matters." Read more at: http://squaredawayblog.bc.edu/squared-away/in-support-of-allowances-for-kids/
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ReplyDeleteHow long do I plan to invest?
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