Study: Parents pay boys more allowance than girls

The gender pay gap isn't only present in large corporations, it's also present in the household — among children.

CBS News reported that an analysis of millions of transactions from 10,000 families on the allowance site BusyKid, found that parents pay their sons more than twice as much allowance as they pay their daughters.

Lessons that teach your kids to save money
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Lessons that teach your kids to save money

Play money-centered board games or games on apps, like Monopoly or Money Race.
It's an interactive and fun way for your kids to learn about basic financial practices without feeling like they're being lectured.

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Give them an allotted amount of cash to spend on lunch each week.
Your child will learn how to budget accordingly throughout the week, figuring out how to balance spending money on food some days vs bringing their own on other days (something that can be directly translated into the adult workplace).

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Have them write down or tell you their absolute dream toy.
Then, show them that it's possible to have that toy if they save x enough money for x amount of weeks.

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Give them an allowance.

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Stick to a set time and date each month for giving your child their allowance.
Practicing giving your children their allowance every other week or on certain dates of each month will help them prepare for set paydays in the working world--it will teach them to budget out and how to know when to save up in anticipation.

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Match your child's savings each month.
This will imitate a 401K and show your child ways in which saving can (literally) pay off.

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Have your kid organize their funds in to different jars to represent different accounts.
Examples could be "Saving", "Spending", "Charity", "Emergency", "College".

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Take your kids grocery shopping and explain certain choices you make with your purchases to them.
Your children will benefit from knowing what's best to purchase name brand vs. generic, why some snacks are better to buy in bulk, etc.

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On average, boys receive $13.80 per week in allowance, while girls receive just $6.71, CBS reported. Additionally, parents pay their sons more in bonuses as well. Boys receive $17.01 on average, while girls get $15.52.

"It was shocking to see how much of a pay gap there was on our platform," BusyKid Chief Executive Gregg Murset told CBS. "I don't think this is intentional, but it's happening."

BusyKid allows parents to pay their children for completing assigned chores, which can range from doing homework, emptying the dishwasher or taking care of the family pets. Every chore has a suggested pay rate, ranging from $0.25 for cleaning the toilet to $2 for folding and helping mom and dad put away the laundry.

"Our platform is gender-agnostic," Murset told CBS. "But parents can decide which chores to assign to which kids, and they can change our suggested rate of pay, if they want to. That's where the gender gap is coming in."

Copyright 2017 U.S. News & World Report 

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