An allowance (or weekly allowance) consists of a sum of money given to a child to manage in order to meet their personal expenses (such as snacks, transportation, food, recreational activities – like games or sticker albums).
It is a way to teach young children concepts related to money management and saving.
Despite the undeniable positive effects of developing these skills (money management and saving), the truth is that there is no legal obligation for parents to provide money to their children for the satisfaction of their personal expenses.
The law only imposes on parents the duty to ensure the safety and health of their children, provide for their sustenance, guide their education, and cover expenses related to their safety, health, and education until they reach adulthood.
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