Results for - Giving Kids Allowance

3,048 voters participated in this survey

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.'"

Do you think that giving kids an allowance can help them to become financially responsible adults?

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%
2,096 votes
No, I don't think it will prep rare them for financial responsibility
11%
339 votes
Not sure
19%
565 votes

2. Did/do you give your kid(s) an allowance?

Yes, they do/did receive an allowance
39%
1,183 votes
No, they did/do not receive an allowance
19%
569 votes
N/A
42%
1,248 votes

3. If your kid(s) receive an allowance, do you find they manage their money well?

Yes
32%
945 votes
No
14%
411 votes
Not Applicable
55%
1,644 votes

4. Did you get an allowance when you were a kid?

Yes, I received an allowance when I was a kid
51%
1,529 votes
No, I never received an allowance when I was a kid
49%
1,471 votes

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
41%
1,243 votes
No, it did not help me to be more financially responsible
15%
446 votes
N/A
44%
1,311 votes
11/08/2016 Money 3048 37 By: Tellwut
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By: Tellwut
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