I never got an allowance growing up and asked my parents for money when I needed it. I don't think that was very effective in teaching me how to manage my money (something I'm still not very good at).

I'm not sure how we'll deal with allowance when it comes to Charlie and Olive. All I know is that they'll be expected to do chores, and they won't be tied to an allowance! I'm also going to encourage them to save money... maybe a 401k type of thing where I match a portion of their savings.

Did you have an allowance growing up? Will you be giving your LO an allowance?