I believe the earlier we start giving our kids allowance, the better. Unless we want our kids to grow up deficient with respect to money, the sooner we let them start practising with it, the better they will be at managing it. We give our kids guitars, soccer balls, skateboards, bicycles, etc. and we don’t expect them to be great riders, or players when they first put their hands on these things. That’s why we provide money to our kids, so that they can practice using it. I also think it’s important for kids to understand that the money they get from us isn’t an unlimited amount whenever they want something. Something we’ve been using that works well for our family is called www.allowancemanager.com. We love that it’s free and works on our phone or computer because it really helps us remember how much we’ve given to the kids - something I always seem to forget! Hope this helps! If anyone else has suggestions, I’d love to hear them.