You receive an allowance. What is a smart first step?

Make a plan for the money with your grown-up.

Start playing free

  1. Spend it before thinking
  2. Plan how to use it ✔
  3. Hide it and forget it

Why: An allowance is a chance to practice money choices. Talk about what to save, spend, or use for another purpose.

Huh, didn't know that: People get money in different ways, and they may spend it in different ways too.

The dad joke
What do you call an ant who is great with money? An account-ant!
Like this card?
Play the game

References

Answer: Plan how to use it. An allowance is a chance to practice money choices. Talk about what to save, spend, or use for another purpose.

  1. School-age children and earning www.consumerfinance.gov/consumer-tools/money-as-you-grow/school-age-children-preteens/explore-earning
    the most important part of an allowance is talking with you about his plans for the money
    Checked 2026-10-11.

Think this answer is wrong? Tap "Challenge this answer" on the card in the game and tell us why.

Test yourself in the game