Preview the following text and summarize. Explain if you think it is fact or opinion: Most money experts agree that children should be given an allowance in order to learn financial skills at an early age.
"Giving your kids an allowance is the best money-
management tool you can use with your children," says Janet
Bodnar, the deputy editor at Kiplinger's Personal Finance.
Have you ever noticed that children will spend unlimited amounts of money as long as it's yours? "When it's their
money on the line, children make more-informed purchasing decisions, "Bodnar says.
The problem is that most parents resist giving children an allowance, and, if they do, they usually give the children too
little. If the allowance isn't large enough for children to experiment with -- to make mistakes with -- it won't have the
learning effect you'd like it to have.