Give young children their allowance in their room, near their allowance container, so it doesn't get lost or misplaced before it reaches its destination. Have your children keep their allowance in a see-through container so they can watch their money grow. Jayne A. Pearl, author of Kids and Money. Larry Burkett, founder and CEO of Christian Financial Concepts, provides Money Matters for Kids at his Web site, cfcministry.org . Information is geared to kids, teens and parents.
Parents have a responsibility to teach kids about money.
Fewer than one out of two children receive allowances today, according to a 1998 survey by Zillions, a kids' consumer magazine. Forty-three percent of the 8 to 14 year olds polled got an allowance. Twenty-six percent got spending money, and 31 percent got no allowance or spending money. Allowances have been a staple of childhood for years, but parents still wrestle with the details of doling out them out. Do what works best for your family.