An allowance (or weekly allowance) consists of a monetary amount given to the child for them to manage in order to cover their personal expenses (such as treats, transportation, food, recreational activities like games or sticker albums).
It is a way of teaching 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 give money to their children to cover their personal expenses.
The law only imposes on parents the duty to ensure the safety and health of their children, provide for their support, guide their education, and cover expenses related to their safety, health, and education until they reach adulthood.
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