You teach your children about sex. You teach them about responsibility. You teach them to love.
Allowances help children learn what things cost.
And when you set limits on what you buy for them, they learn to save for other things. But young people in amazing numbers don't learn about debt until they realize they have too much of it. Even parents who talk to their kids about saving or budgeting don't think to bring it up. Then those kids hit the real world. Suddenly, they're offered credit and may not know how to handle it.