From time to time I get asked about if we give our kids allowance money, or how we go about it. To be honest, this is an area that I myself often wonder what the best approach is.
For starters, I do not think our kids should ever be given "free money" on a regular basis (i.e. outside a birthday gift or something similar).
But on the other hand, I also realize that kids' earning power and opportunities are limited to non-existent, while they need to learn how to handle money correctly from a young age. And it would get very tiresome to constantly have them asking me for stuff they want, because they have no money of their own to spend.