The Great Allowance Debate

Episode 16 of the The Family Lab podcast, hosted by Whitney Archibald, titled "The Great Allowance Debate" was published on September 23, 2019 and runs 13 minutes.

September 23, 2019 ·13m · The Family Lab

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Episode Description

I love a good parenting controversy. And the topic of how (or if) to give kids money is a big one. There are two main sides to this debate: allowance vs. commission. In the allowance model, kids are paid a set weekly or monthly rate, independent of chores or other qualifications. The second approach is a commission system, a work-for-pay system wherein kids are paid for doing chores and making other contributions to the family. And then, of course, there's a third option: not giving kids money at all.

Links from this episode:

How Lisa Teaches Kids About Money

How Sarah Teaches Kids About Money

3 Reasons I Don't Pay My Kids an Allowance, by Amanda Hamilton Roos

Allowance by Lisa Hoelzer, Betterwayparenting.net

Smart Money, Smart Kids, by Dave and Rachel Ramsey

The Entitlement Trap, by Linda and Richard Eyre

The Opposite of Spoiled, by Ron Lieber

The Blessing of a B-, by Wendy Mogel.

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