Allowance facts for kids

Kids Encyclopedia Facts

An allowance is usually an amount of money that a parent gives to his/her child.

Possible reasons why allowance is given:

The parent might have extra money so he/she shares or gives it to the child(ren).
The parent might want to teach the child how to manage money.
The parent might want the child to help him/her to do chores with or without allowance.

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Allowance Facts for Kids. Kiddle Encyclopedia.