Meg Wheeler shares how she teaches her son about money using an allowance system focused on financial skills, not chores.

A recent Wells Fargo survey found that 71% of parents who have children between the ages of 5 and 17 give them an allowance, ...

When it comes to teaching kids about money, few tools are as simple and effective as an allowance. More than just a weekly payout that kids can spend however they want, an allowance can become a ...