How much should an allowance be for a 13 year-old
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- how much should an allowance be for a 13 year old
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How much allowance for a 10-year-old
Monthly allowance for 15 year-old.
Allowances and Kids: How to Build Health Habits Early
Paying kids an allowance can help them to learn good money habits early on. Seventy-nine percent of parents say they pay their child an allowance, according to T.
Rowe Price’s 14th Annual Parents, Kids & Money Survey. If you have kids or plan to have them, knowing what other parents are doing can make it easier to come up with your allowance strategy.
Key Takeaways
- 79% of U.S.
parents pay their children an allowance.
- Most parents require their children to earn the allowance they receive.
- The mean amount for allowances is $19.39 per week, while 35% of parents pay in the $11 to $20 range.
- Most parents who give their children an allowance consider it a way to teach kids the value of working to earn money.
Average Kid’s Allowance
The amount that kids receive for an allowance varies, but the mean weekly allowance amount is $19.39, according to the T.
Rowe Price survey. In terms of what parents typically pay, here’s how the ranges break down:
- $5 or less per week—13%
- $6 to $10 per week—22%
- $11 to $20 per wee
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