An allowance can be an excellent tool for teaching children how
to manage their own money with confidence and self-discipline.
The trick is to figure out an allowance system that will teach
your child important money lessons at a young age without
sacrificing your sanity. Of course, every family and every child
is different, and only you can tell what kind of approach would
work well or fail miserably in your household. But these general
principles from financial and child-development experts can help
you decide how to proceed. More from TODAY.com Farm battered by
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