A comment: ”My parents gave me an unconditional allowance right up through college, and tied other privileges to chores instead. [They] regularly reviewed my allowance and my budget a few times a year- I had to show them a budget with what I thought I should have money to spend on, starting at 8 years old! If I wanted a "raise", I had to show my budget, and make a case for why I should get it- and sometimes it worked, sometimes it didn't. I was also required to show bank statements proving I was saving a certain portion of my allowance, and until high school, I had to get their permission and justify anything I wanted to use those savings for. As I got older, they gradually added more "needs" to what I was expected to budget for, like clothing, school supplies, etc. By the end of high school I was paying for everything except a roof over my head and groceries at home- but if I wanted something "special" that wasn't on the normal grocery list, I had to pay for that too.”