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From the Age of 7 or 8 the children begin to
understand the value of money and it's quite normal for them to ask
their parents for a weekly allowance to buy their own things. |
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A weekly allowance is a good way of showing the
children how to administer money. At the younger ages it's important
that they only receive a small amount as they still don't know how
to handle large amounts of money. |
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Having a limited amount of money also teaches
them that they can't have everything they want and that they must
save up money to buy the things they want. |
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It's not only a matter of giving them a weekly
amount of money, it's also a matter of advising them on how to
organize their priorities and how to save money to buy the things
they want. |
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You must make sure they understand that giving
them a weekly allowance is a completely voluntary thing and they
shouldn't perceive it as an obligation. |
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