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Thursday, December 15, 2011

When To Cut Kids Off From Allowance

Allowance is an excellent tool to teach kids about money while cutting your own expenses. The idea is you'll make them save up for their own stuff, which will keep you from spending as much money on them. The problem is sometimes allowance ends up being a crutch that continues well into adulthood and only teaches grown "kids" to rely on their parents for income.

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