Allowances for kids help teach them finances, but how much is too much?

It's a tough topic, but financial advisors say allowances are beneficial for kids and teach them a number of important skills. However, parents need to make sure their kids know what the money is for. Faisal Karmali of the Popowich Karmali Advisory Group in Calgary says allowances help teach children about financial literacy and budgeting. "It all comes down to what the purpose is. When I look at my own situation, I've never given an allowance. I still don't give an allowance to my children. The