Childhood allowances: education in spending

(NBC News) Most parents are okay with a weekly allowance, if kids are on top of their chores, but the fear of making the wrong decision on allowances is why the old debate rages on.
“There really isn’t a right or wrong,” says Cleveland Clinic psychologist Dr. Vanessa Jensen.
Jensen says allowance help kids understand how to manage money.
Bill Dwight got so serious about educating his five children about finance he founded FamZoo.com, and developed an app and prepaid cash cards