Do you give your kids an allowance? How much is acceptable?

I was always shocked when other kids told me about the allowance that they got. My father wasn't big on giving us money for things that he thought we should be doing anyways. Household chores were just part of the gift of living under dad's roof.

My father wasn't cheap and wasn't mean. He would give us money when and if we needed it. But a regular allowance wasn't a thing in our home.

The average allowance in 2017 was nearly $9 a week! If you save that up, you could buy a pretty nice toy or eventually a car if you did it right!

According to the report, here are the top things that kids save up for:

  1. Phones
  2. Lego
  3. Tablet
  4. Nintendo Switch
  5. Dolls/Figures