An allowance  is an important tool for teaching children how to make plans for the use of money, save and make their own decisions. Children remember and learn from mistakes when their own dollars are lost or spent foolishly. How large is an allowance is suitable? Experts say there is no right amount. Actually amounts differ from region to region, and from family to family.   To set up a suitable allowance for your child, work up a weekly plan. Allow for entertainment costs such as movies or fast food. Next, include everyday expenses such as lunch money, bus fare, school supplies. "If you make the child responsible for these bills," says Josephine ,a specialist , "he or she will learn to plan for necessary costs."   Finally, add some extra money to make saving possible, if you keep your children's allowance in line with that of his friends. A child whose buying power falls away below his peer's can feel left out.   It can be taught but don't excuse your children when they make a mistake with their allowance. When Brooke was ten, her mother gave her $5 a week, $1.75 of which was for bus fare and lunch. "If you lose your money, Brooke" mother told her, "you walk home."   One week that girl spent all her money in a candy store; then she called home for a ride. "Mom made me walk home," recalls Brooke, now a financial planner in a big company. "At first I was angry. But I finally realized that she was trying to teach me an important lesson." What does the passage mainly discuss?
How to develop a child's early habits. How to work up an amount of pocket money How to teach a child to save money How to teach a child about money