Allowing your children the freedom to earn money and to spend it how they choose is huge. Setting the foundation for allowances and how getting money is portrayed by the family is also a difficult stance. We, as parents, want to give our children everything under the sun. But then reality steps in and you realize that it’s just not possible. We also want to teach them how to manage money properly so that they do not have difficulties as adults. What’s the best way to do this? Just talking to them about money isn’t necessarily enough. But is giving them an allowance the answer? And if it is, what are the best parameters to follow? Hopefully, I’ve provided some insight into the different options available.