allowance

The vast majority of parents assign chores to their children, but only about half give their kids an allowance. And among the allowance payers, just 21% tied the payouts to chores. Those who aren't paying allowances might want to consider it.

CardHub.com recently put five of the most well-known prepaid card issuers under the microscope to see how useful their products are based on fees and features. Which offers the best deal? The answer might surprise you. But the real question is should you use a prepaid card at all.

I haven't met these parents that Suze Orman told me about, but she insists they exist: Parents who give their children allowance for doing nothing or for just bare minimum chores such as making their beds or keeping their rooms tidy. Allowances shouldn't be given just because the child thinks...

My daughter is only five years old, but I'm already worried she isn't learning money management skills early enough. We haven't started her on an allowance yet, and every time my wife and I vow to start another "chore sheet" on the side of the refrigerator, we don't always follow through on it and...

Despite what you think, when it comes to your kids and money they're listening to you.. At least that's what a recent survey by Salem Five Bank, a community bank based in Salem, Mass., seem to suggest. Salem Five Bank, which I referenced in a recent post about setting up a savings account for your...

I've been reading a lot about ethics lately and have been interested to see how game theory (think A Beautiful Mind and little tic-tac-toe grids with choices for each of the 'players' as column and row headings) affects our choices as parents. It turns out that ethics are taught at home, not at...

T-Mobile is rolling out a new feature in the next few weeks called "Family Allowances" which lets parents control just about every aspect of phone usage. The plan starts out at $2 a month and covers up to 5 lines on your account. The new feature comes on the heels of feedback from 30% of parents...

Experts on the Today Show offer some insights on how best to teach your children about money. It's no secret that plenty of adults have money management issues, so why not start early with your kids and help them learn about personal finance?Giving a child an allowance is a great idea, because they...