Your mother, father or guardian must work for the money they spend and also the money they give you. Some boys and girls get money from parents or guardians, working, gifts or an allowance. An allowance is a set amount of money given regularly to a child, usually by a parent or guardian. Usually the parent and child decide together on the amount of allowance. They also decide what the money can be used for.
Children can count on getting the money.
Children can also plan for using this money. When you have money of your own, you must make choices on how to spend it. You must know that once you spend the money, there is no more. Sometimes you may make mistakes in how you handle money. Remember that this is all a part of learning to manage money.