Personal Finance
How Much Money Should You Be Giving Your Children as Allowance?
By Seedly  •  January 23, 2022
Source: Tenor I don’t know if you realised but… Personal finance is something that we have been taught since young. You might be thinking, “What personal finance? All I have to do is to wait for my parents to give me money, not enough, then ask for more.” But the thing is, learning how to manage what tiny amounts of money we have is actually one way to learn personal finance! Especially for young kids, this can be an excellent way to teach them the importance of budgeting their expenditure. Giving them too much money can result in them developing bad spending habits. However, it is crucial to balance out the amount of money we give to our children, so they have enough for their basic needs at the very least. TL;DR: How Much Money Should You Be Giving Your Children? Do note that this is just a rough estimate of the expenses for the  ...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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