Giving Your Kids An Allowance

Apr 17, 2018 | Children & Education

Giving your kids an allowance is a vital part of their financial education. It’s an early step towards financial independence, and can teach them basic budgeting, sensible saving, and wise spending.

There’s a lot to think about as a parent when giving your kids an allowance. When should you start giving your kids an allowance? How much should you give them, and how often? Should allowances be tied to chores, grades, or more? SageVest Wealth Management’s sister site, SageVest Kids, provides answers to these and other common questions that parents have about allowances for kids.

Prepared by SageVest Wealth Management. Copyright .
Standard Disclosure

The information contained herein is obtained from sources believed to be reliable, but its accuracy or completeness is not guaranteed. This article is for informational purposes only. The views expressed are those of SageVest Wealth Management and should not be construed as investment advice. All expressions of opinions are subject to change and past performance is no guarantee of future results. SageVest Wealth Management does not render legal, tax, or accounting services. Accordingly, you, your attorneys and your accountants are ultimately responsible for determining the legal, tax and accounting consequences of any suggestions offered herein.

In accordance with IRS CIRCULAR 230, we inform you that any U.S. Federal tax advice contained in this communication (including attachments) is not intended or written to be used, and cannot be used by a taxpayer, for the purpose of (a) avoiding penalties under the Internal Revenue Code or that may otherwise be imposed on the taxpayer by any government taxing authority or agency, or (b) promoting, marketing or recommending to another party any transaction or matter addressed herein.

The provision of a link to any third party website does not mean that SageVest endorses that website. If you visit any website via a link provided here, you do so at your own risk and indemnify SageVest from any loss or damage incurred.

Make a wise investment in your future today.