The primary reason for giving a child an allowance is to
A)pay the child for work around the house.
B)teach the child about how to manage money.
C)encourage the child to get a job at an early age.
D)have a way to withhold a privilege in order to control the child's behavior.

Question

Quizplus · Accepted Answer

The primary reason for giving a child an allowance is to teach the child about how to manage money. Giving an allowance allows children to learn how to budget, save, and make decisions about spending. It also provides an opportunity for parents to teach their children about money management and financial responsibility. While it is possible to tie the allowance to chores or behavior, the main purpose should be to teach financial skills.

The Primary Reason for Giving a Child an Allowance Is