Children get excited with money, but don't always know why they get it and how to use it. For example, many children receive an allowance, but don't understand that this is their income and that it's based on many factors.
Talk with your child about your own income and how you earn it. Let your child know that an allowance is a form of income. Just as different factors affect your income, they also affect your child's income. These factors include:
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