Economy Talk

how much pocket money do you give your kids, and do they have to earn it?

My oldest just turned eight and has started asking for a weekly allowance because "everyone in class gets one". I'm not sure that's true but here we are.

For the parents here: how much do you give, at what age did you start, and is it linked to chores? I like the idea of teaching saving early, but I don't want every bit of helping around the house to become a transaction. How do you handle that? And do kids still use cash at all where you live? In Sweden almost nobody pays with cash anymore, so it's a bit abstract for them.