1. They can make mistakes under your guidance

2. They will learn how to save for the future

3. They will learn that money doesnt grow on trees

4. They will appreciate what they have

5. They will learn to make choices and set priorities

6. They may stop nagging you for money

7. There will be less friction in your household

8. They will learn healthy financial behaviors

9. They will learn your values

10. You can teach them that it isnt all about the money

11. They will learn how to spend wisely

12. They will be prepared to enter the grown-up world.

13. Allowances will teach your children to be resourceful, independent and unique.

14. An allowance is a tool to empower your children to avoid commercialisms clutches.

15. You can teach them to avoid the pitfalls of debt

16. You can help them improve their communication skills around money.

17. An allowance now could help them avoid future marital money chaos

18. Theyll learn the difference between quantity and quality.

19. Theyll learn how it feels to make a poor choice and have to live with it.

20. Theyll learn how to resist impulses (sometimes, maybe!)

21. Theyll learn to appreciate and take care of their things.