Allowance for kids is a topic many parents think differently about, and honestly, there is no single "perfect rule" that fits every home. It often depends on the child's age, personality, level of responsibility, and what you want them to learn from money management.
Giving children an allowance can be a good way to teach them financial responsibility early in life. When children handle small amount of money, they begin to understand saving, spending wisely, and marking choices. For example, my two kids naturally save money given to them for sweets or mall treats. They will say things like "mummy, please keep it in my account" or " I want to use my money for this for this, but it's not enough can you please help me complete it?"
On the other hand, my eldest son who is in his tins will spend his money on sncks without thinking of saving. Does that make him a bad child? The answer is No, it is a normal stage for many kids, because they are still learning self control. In this my eldest son case, allowance will not be given freely but with guidance.
I use the example of my children to buttress the point that each child is different. One may be more careful with money and naturally save, while another may enjoy spending quickly. The differences shows that allowance should not be a fixed rule for every child in the same way.
So, is it okay to give kids allowance even when they still live under your roof and their needs are fully cared for? Yes, it can be okay but it should have a purpose. I see allowance not as an "extra money," but as a learning tool. It helps the children understand value, responsibility, and decision making.
But, it should be based on the readiness of the child. Some children are capable of managing money wisely at a young age, while others may need more time and guidance before handling their own allowance.
In conclusion, giving children allowance depends on how well you understand each child. Watch their behaviour, how they spend, how they save, and how they think about money. Then you can decide who is ready, who needs supervision and who may need more time. Allowance can be a powerful way to teach children financial discipline that will help them in the future when they use it wisely.