I pay my 8-year-old with Pokémon cards for his chores. It motivates him more than getting money.

Tech Insider : Business
Boy with Pokémon cards.
The author's son (not pictured) is motivated by getting Pokémon cards for his chores.

Stefanie Rex/picture alliance via Getty Images

I don't give my 7-year-old an allowance. Instead, he runs a neighborhood business, where neighbors pay him to take out their trash.

Tech Insider : Business
Laura palmers son taking out a large trash can to the street
The author's son started a garbage business in the neighborhood.

Courtesy of Laura Palamer

I don't tie my child's allowance to chores. I wanted him to learn about financial management from an early age.

Tech Insider : Business, Economy
Mom on ski lift with child
Meg Wheeler doesn't tie her son's allowance to chores.

Courtesy of Meg Wheeler

My 7-year-old wanted to make money, so I helped him start a small business. He learned about confidence and rejection.

Tech Insider : Business
Chris Rosenberg's son
The author's son started a small business in the neighborhood.

Courtesy of Chris Rosenberg

I thought 3 years old was too young to learn about money, but experts convinced me to give my son an allowance

Tech Insider
Rob Phelan wears a t-shirt reading choose fi and smiles in front of a white background
The author, Rob Phelan.

Rob Phelan

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