Aug 12, 2013 7:51 AM by Lacey Steele

Experts say a child's allowance is important

Is your child asking for a bump in his or her allowance?

You may want to consider it.

Start handing out the cash when they're five or six, increasing the amount annually.

That's according to those at "Share, Save, Spend," an organization devoted to helping people develop healthy financial habits.

The goal is to get children comfortable with money: saving, spending, and giving.

For teens, consider giving them a budget for school shopping, and have them crunch the numbers over what's needed and what's not.



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