Results: Giving Kids Allowance
Published on 11/07/2016
According to financial expert, Bruce Sellery, giving your children an allowance and using it as a learning tool can help them to become financial responsible and avoid making any big mistakes down the road. Sellery says, "it helps them develop habits that work for them and it gives them the feeling of being independent, because 'I don't have to go and ask for money, I have my own money.'"
QUESTIONS
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Comments
1.
1.
Do you think that giving kids an allowance can help them to become financially responsible adults?
Yes, I think it will prepare them for financial responsibility
70%
2127 votes
No, I don't think it will prep rare them for financial responsibility
11%
346 votes
Not sure
19%
575 votes
2.
2.
Did/do you give your kid(s) an allowance? Yes, they do/did receive an allowance
40%
1208 votes
No, they did/do not receive an allowance
19%
575 votes
N/A
42%
1265 votes
3.
3.
If your kid(s) receive an allowance, do you find they manage their money well? Yes
32%
963 votes
No
14%
419 votes
Not Applicable
55%
1666 votes
4.
4.
Did you get an allowance when you were a kid? Yes, I received an allowance when I was a kid
51%
1553 votes
No, I never received an allowance when I was a kid
49%
1495 votes
5.
5.
If you received an allowance, do you think it helped you to be more financially responsible? Yes, it helped me to be more financially responsible
42%
1265 votes
No, it did not help me to be more financially responsible
15%
451 votes
N/A
44%
1332 votes
COMMENTS