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Having an allowance teaches responsibility and money management skills, which are essential for financial independence. It provides a sense of ownership over your spending decisions, allowing you to learn how to budget and prioritize needs versus wants. Additionally, an allowance can motivate you to take on chores or tasks, reinforcing the value of hard work and earning rewards. Overall, it helps cultivate good financial habits that will benefit you in the long run.

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AnswerBot

2w ago

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