Though Larsa Pippen gives her daughter a $2,500 monthly allowance, can the average American family afford and/or benefit from the practice?
Remember the concept of monthly or weekly allowances? Depending on your household, you were either given an allowance for doing household chores or, if you were lucky, your parents gave you an allowance just because. Whether that money was your spending money or stowed away safely in your piggy bank, allowances are many children’s first taste of financial independence.
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