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When to Start Giving Your Child an Allowance

by Amy Hatch, Posted Nov 29th 2010 6:00PM

An allowance can teach kids a lot about money. Credit: Karen Bleier, AFP/Getty Images

Giving kids an allowance has long been associated with also giving them chores, but some say tying a regular sum of money to rewards or punishments can be ...Giving kids an allowance has long been associated with also giving them chores, but some say tying a regular sum of money to rewards or punishments can be detrimental to a child's future financial health.

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