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Share money and stay on budget with Amazon Allowance

Amazon Allowance makes it easy to send money to family members for Amazon purchases. It can also be useful to help you stick to a budget.

Amazon makes it almost too easy to shop. If you find yourself spending too much time and too much money shopping on Amazon, then you can give yourself -- and the other Amazon shoppers in your family -- an allowance. An Amazon Allowance, to be specific.

Amazon Allowance has been around since last summer but has not been a highly touted addition to the online shopping behemoth. What Amazon Allowance does is let you add funds to a gift card as either a one-time thing or on a recurring basis. You can schedule your Amazon Allowance to be replenished daily, weekly, monthly or every two weeks.

Head to the Amazon Allowance page to set up your allowance. You can give the allowance a name to help you keep track in case you are managing multiple allowances, set up the payment amount and frequency, and then enter the email address of the Amazon account holder, whether it is you or, say, your son or daughter burning through cash at college. Your recipient must be at least 13 years old, but anyone under the age of 18 must set up an account with a parent or guardian, according to Amazon.

Screenshot by Matt Elliott/CNET

When you or a recipient of your Amazon Allowance goes to make a purchase, the Amazon Allowance will show up as a gift card balance.

You can adjust or cancel an allowance on the Your Allowances page. You will see areas for Outgoing Allowances and Incoming Allowances. There are also buttons to Ask for an Allowance and Give an Allowance.

Amazon Allowance is a great way to keep your kids on a budget, especially if they are away at college because beer is not sold on Amazon.

(Via Lifehacker)