is 50% spending and 30% saving.
we won’t debate here whether an allowance should be tied to house chores or not. there are parents on both sides of this discussion. most money experts agree that for the money learning to be effective, the money should not be tied to chores.
and of course, to make these lessons work, parents must resist the temptation to give and/or bail your kids out of money trouble. allow them to spend, for better or worse, and then deal with the consequences of their spending decisions. it’s the best way to learn. as hard as it is, just say no. sometimes it seems easier to just say 