No matter how you decide to answer the allowance question, the fact remains that you have to pay it somehow.
While paying with cash can be a good way to teach younger children how to visualize their money, older kids are likely to want to use other methods of money management.
You probably don’t buy things with cash very often; a cash-based allowance doesn’t adequately teach your kids to manage their money in a society that’s increasingly cashless. Here are 3 modern tools for paying your child’s allowance:
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