That's a question that has troubled parents for years. Most use a regular allowance as the vehicle for imparting lessons about how to manage, spend and save money wisely. But there's a split among parents—and family-finance experts—over the question: Should a child's allowance be tied to doing chores? <read the whole article on the Wall Street Journal Website>
My family uses a free service called Moneytrail.net to track allowance- it has separate piggy banks for "Spend, Save, and Share". - Evan
