The word Allowance in the Dictionary means "A sum of money or goods given regularly to family members." The definition is so vague and the terms "given and regularly" are the problem. What it should say is, a predetermined amount of money or goods given to a child for certain services performed on a daily basis. If they do not provide these services they do not receive payment.

We are raised with financial ideas and philosophies passed down through generations. Often we just take these ideas and teach them to our own children simply because that's what we learned, and what everybody else does - even if it's not what's true or works best.

I am challenging you to begin to break this cycle now, with your children. You CAN make a difference in your child's wealth - now and in the future.

Sign up below to receive our Special Report "The Smarter Way To Pay Your Kids An Allowance" packed with vital information and statistics about allowance and recommendations for how to pay your kids an allowance in a way that will help secure their financial future. The Special Report also includes our suggested list of Daily or Weekly Chores
(click here for more information about chores).