My parents were my biggest influence as well as the rest of my LBYM relatives. They had all lived through the Depression and never forgot it.
We wanted for nothing, but they didn't spend much money on luxuries. We always had a garden and raise steers for meat. Mom patched holes in clothes instead replacing them and then in end they became rags. They didn't throw anything away if its still had a use. That included plastic bags and oleo containers. The only luxury was very frugal car vacations each year.
We didn't get an allowance, but my sibling and I would split the last truckload of wheat from the harvest each year. Of course you had to do your chores and help on the farm to get that. We could never count on how many bushels that would be or how much per bushel it would be. This was sold and put into a savings account. This taught us that we had be careful what we spent during the year as you never knew what your income would be next year. Farmers really can't count on steady income.
Anything that was a want and not a need had to come from that savings account or had to be earned. I remember babysitting at 10 yo because I wanted a newer bike. (Now 10 yo can't even stay at home by themselves!)