4 Stories

Most Parents Mess Up Kids' Allowances

Rob Lieber: Generally, start earlier and don't link the money to chores

(Newser) - Most parents who dole out allowances make fundamental mistakes that might actually hurt their kids' understanding of money, writes Ron Lieber at Slate . For one thing, parents usually start too late, for a variety of misguided reasons. The best time? As soon as the kids start asking about money, which... More »

Horrors: Belgian Royals Must Now Pay Taxes

Their allowances also are cut, except for the reigning king

(Newser) - Belgium is taking after the monarchies of Britain and the Netherlands and trimming the royal purse strings. Reigning King Albert II is exempt, but other royals are going to pay income taxes for the first time and get smaller allowances, reports Reuters . For instance, in the case of Queen Fabiola—... More »

Judge to Guy Living With Parents: Move Out, Get a Job

25-year-old's attempt to force parents to reinstate allowance fails

(Newser) - If you're a 25-year-old whose parents have incredibly rudely stopped giving you your monthly allowance, don't expect too much sympathy from Spain's courts. The mooching man took mom and dad to court after they stopped forking over the $588 they had been giving him each month. Their... More »

Malia, Sasha Ready to Babysit: Obama

If first daughters need pocket money, they can earn it

(Newser) - Malia Obama turned 12 on the 4th of July, and sister Sasha is 9, so they're just about old enough to bring in some money, their dad says. "They're getting an allowance," President Obama tells ABC , without specifying an amount—presumably they've gotten a raise since their.$1-a-week... More »

4 Stories