Here is the 64 million dollar question – do you bribe your kids (give an allowance) to enforce good future financial behavior?  Here is an article in The Wall Street Journal by Neil Parmar that discusses good and bad ways to do this plus some data on how people feel about it:

http://online.wsj.com/articles/the-right-way-to-bribe-your-children-1411333008

I know my wife and I give my teenage daughter an allowance, hopefully to get her to do chores around the house and to learn about saving and spending, plus budgeting for larger purchases.  I have to admit I have never withheld her allowance when she has slipped in her chores (I have threatened but never followed through) and I have slipped her a little loan when she is short on something (but I do take it out of her next allowance) and we do take part of her money to put to savings and some to donate to our church.  Overall I am pleased with the way she handles stuff.  Now she is going to get her drivers license and she will have to worry about gas and car insurance (there is some money set aside from her aunt to help get a car) so new hurdles for her.  Still I think she is getting it – she is a smart kid (look at her parents.)

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