The Dollar Per Year Method

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How much allowance should I give my child?

The Dollar Per Year Method

Allowances are a great way to teach kids about the importance of money and budgeting. A general guideline for the right amount of allowance for a child is one dollar for each birthday up until ten years old. After that, $15 for 11 through 14 year olds and $20 for 15 and older.



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