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1. How old should a child be before they receive an allowance?
    Old enough to count money.
    At least eight years old.
    At least four.
    It doesn't matter.
2. When your child asks for a raise in allowance, what should you ask in response?
    How much of the raise will go to long-term savings?
    What makes you think you deserve it?
    What new expenditures will be covered?
3. What's a good way for parents to decide on an allowance figure?
    To calculate the equivalent today of the amount they received when they were their child's age.
    Give them what the kid next door is getting.
    Tie the amount to the amount of household work they're routinely doing.
4. What's one way to react when your children run afoul of their own budget guidelines?
    Require them to save by dropping money into a slot in a locked box.
    Suspend the allowance the first time this happens.
    Don't worry about it.
    Give them a time-out.
5. What's the best way to teach good spending habits?
    Learn them yourself, and then show your children by taking them on shopping trips.
    Have your children read books on the subject.
    Point out people who are spendthrifts.
6. What's a bellwether for what kind of spender your child will eventually become?
    Their attitude toward tipping.
    The brand of ice cream they prefer.
    The percentage of their allowance that they save.
7. What's one good way to show children how merchants sometimes overcharge?
    Get them to help you total up restaurant checks.
    Read aloud from consumer magazines.
    Point out price-gouging evident in advertisements.
8. How can you help minimize angst for your college freshman?
    Teach them how to handle a checking account while they're still in high school.
    Give them a high-limit credit card and have the bill sent to yourself.
    Tell them to forget checking accounts and work on a cash basis.
9. What should you tell your kids about same-as-cash credit offers on consumer purchases?
    To forget them.
    That they're a good idea.
    That they're sometimes a viable option.
10. Should you encourage your teenager to pick stocks?
    No.
    Yes.
    Perhaps, depending on their maturity.