Allowance
Results 31-40 from 1,817 articles
6 Year Old Allowance
Asked by K.M. from Los Angeles
on November 15, 2008
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My daughter is almost 6 years old. She has no concept of money. She thinks that it is ALWAYS available to her. I want to start giving her an allowance, so she can b...
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- We do same as Kathy L, giving an allowance no matter what, expecting household help no matter what. If our daughter doesn't help around the house, she doesn't get to ...
- I seem to have a different take on this than the other posters. I believe that as soon as they can start understanding rewards/punishments that you begin to implement ...
- How much does lunch cost at school? Use that amount for a while as the weekly amount. Before you give her an allowance, practice values with her. We did that in my ...
Allowance for a 7 Yo
Asked by L.M. from Detroit
on April 5, 2007
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What is the going rate these days for allowance. My son is almost 7 and we want to start him on a weekly allowance, not tied to chores. We believe he should not get ...
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- Hi L.. For a 7 year old, I think a $1.00 a day is plenty. Our son is 8 and gets a maximum of $1.00 a day, but his is behavior and responsibility based. We think that...
- My son is 7 and we give him $3-$5 a week, but he has to earn them through chores. The more he does, the more he gets.
- Good for you! I looked on Love and Logic's website and they don't have anything free I could find pertaining to amount for a 7 year old. He definately should not be ...
4 Year Old and Allowance
Asked by S.W. from Boston
on June 21, 2009
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Hi There ~ I have a son who turned 4 in February and I'm thinking it's about time to start paying him an allowance. I know there's the debate of giving him money to g...
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- Wow, you're geting great advice, here's what I suggest. 1) Chores that get done because as part of your household everyone should have responsibilities. After all ...
- I personally think it's too early to start showing the whole working-for-money concept. He's got a lifetime to learn about it and I think our society is too obsessed ...
- Hi, 4 is actually a little young for allowance and money concept. He is just beginning to have the motor skills to do things that the reward is more about your prid...
How Much Allowance Do You Give Your Children ??
Asked by D.C. from Dallas
on July 4, 2010
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I have to admit my children 9 and 3 have not gotten an allowance so far....
I've never had one when I was little and so I don't have any idea how to go about it.......
Answers
- We just started giving my oldest an allowence last year when he started staying home after school and doing a lot more around the house. We do give my youngest one to...
- Wow, I'm surprised at some of the responses - nothing wrong with them, I just had a different idea of what the "norm" is. Each of my girls has a chore chart. My 7 yr...
- i see you have gotten a lot of responses already. I would highly recommend Dave ramsey. I don't know if he has a specific book on teaching kids finances but i do know ...
Giving Kids Allowance?
Asked by S.L. from Atlanta
on December 3, 2008
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My 8 yr old has expressed that he thinks he's ready for an allowance. Just want to know what other families do and how much do they give an 8yr old. I was thinking 1...
Answers
- I would check out the Dave Ramsey site for his Jr program on giving "commissions". He has great advice and products to use in giving your children money and teaching ...
- Dave Ramsey has some good suggestions about allowences. We personally only give money for things above and eyond. We have 11 kids and they are all expected to be pa...
- Hi S.! I have mixed feelings on allowances, but I think that if you do give your child one, tithing and saving portions of it is an excellent idea! I'm sure I'll be...
Any Tooth Fairy or Allowance Tips Out There?
Asked by J.P. from Washington DC
on July 12, 2008
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What is the going rate for the tooth fairy? My daughter tells me her classmates have gotten Webkinz for the first one and I have other friends who have rewarded that ...
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- I have to say if you set the bar high at the first one they are going expect better and better things. Allowance at 5 is a great idea to motivate your child. I would h...
- We give our kids silver dollars from the tooth fairy. I heard a cool quote: chilren who have everything value nothing. I would agree. We haven't yet given our kids ...
- Does your daughter still believe in the tooth fairy or is it just a reason to ask for money/toys? Rather than giving him money or toys, we take his tooth and bury it ...
Allowance & Chores - When to Start & How Much?
Asked by A.S. from Philadelphia
on December 28, 2011
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I just saw a recent Mamapedia Voices article and this jogged my memory of a question I've been meaning to ask. My older child (4 1/2 yo son, 5 end of March) will go t...
Answers
- First, I'd like to answer that I emphatically disagree with the thought that allowance tied to chores automatically makes a child less of a team player or someone that...
- I started at age 7 and 8 with my boys. We use www.activeallowance.com
- We just started with our 4 year old. Everytime we went to the store she wanted us to buy her something and we were tired of it. We gave her 3 chores to do each day a...
Allowance for Teen and Preteen
Asked by J.S. from Los Angeles
on November 2, 2009
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Dear Moms, My son is 13 and my daughter is 12. I often feel "nickled and dimed" to death asa they ask for money for this and that. I know that if we had a set amount f...
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- I think how my grandparents did it was a great way and I will also do it the same way. ( I was raised by them as a side note) I got $50 a week, but I also had the bul...
- Dear J., I am on the back end of this question now. My two are 17 and 19, a senior in high school and a freshman at NYU. It is a good question, one I asked when I...
- Dave Ramsey has a good way to handle money with kids. It starts younger but it's never to late to learn. Go to daveramsey.com and maybe pick up some of his books.
Allowance and Sharing with Siblings
Asked by B.W. from Seattle
on August 30, 2008
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so, we give an allowance of $8 a week to our 13 and 9 year old. Our 4 year old gets $2 a week and it's all for them taking care of their chores and to have spending mo...
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- From my perspective: You're giving them an allowance to teach them skills (money management) that will benefit them in the future. The way I look at it, "forced shar...
- B., My first reaction is to not make the kids share. They earned the money and that is how they chose to spend what they earned. I understand the feelings of shar...
- I agree that kids do not need to share what they've purchased with their money When I was 13 or so my brothers and I were living with my cousins. That's 5 children. ...
Spending Allowance Money
Asked by V.M. from Cleveland
on February 4, 2012
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I like the idea of an allowance for teaching finacial responsibility, but i am wondering a bit about spending it.
I guess maybe I should start by asking what op...
Answers
- I never had any "rules" for daughter's spending money. It was up to her. She learned the hard way a few times by spending it all on 1 thing and then not having ...
- Like April, we teach, 10% to tithes, 10% to savings, and 80% to spend.... you can even give them a bank account booklet so they can keep track of it all. I was 9 when ...
- My kids have gotten allowance since they started grade school. They are 12 and 16 now. We don't require them to save or donate any of that. It is their spending money...
