Is this something you will do with your children? What would be your goal if your kids received an allowance? When will you start? How much? How often? Will they have to earn their allowance or will it be a gift (given)? Can they earn more or make bonuses? Will you dictate how it is spent or saved? Will you use allowance as a form of behavior control or punishment? Will you borrow from your kids? Will you make your kids allowance cover their field trips, extra activities or clothes, bday or holiday gifts for you etc?

There's so much involved that we may skip allowances (we didn't have them anyway) and just give or kids money when they need it. My mom taught me financial responsibility in other ways.