The most usual weekly allowance amounts are $5.00 for boys aged 5, 7, 8, 9, 10, 11, 12, and 13 and $5.00 for females aged 5, 7, 8, 9, 10, 11, 12, and 13. Many parents pay the same amount to all of their children, regardless of age. Some parents pay their children's allowances until they are in their early twenties. The amount that you give your child as an allowance should be enough for them to live on while giving them some freedom with how they spend it. If you give your child too much money, they may never learn how to manage their own finances. On the other hand, if you give them too little, then they will need to borrow from others which can lead to debt. The amount that you give your child is up to you; however, $5 per week is a reasonable amount. Many people think that giving their children an allowance is outdated, but this practice has been used by many families throughout history. The amount that you give your child is dependent on what type of household that you are in. For example, if you are in a family where there are no rules regarding spending, giving your child a weekly allowance is not necessary. However, if you have a family where spending limits are imposed upon children, then they need to understand how to manage their money before you give them an allowance. In today's world, most children grow up thinking that they deserve a certain amount of money when they turn 18.