Earning Allowance: Teen
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Allowance
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- Age 6, they earn allowance solely for the purpose of learning to handle money and to understand the value of saving money to buy something they really want. It's no...
- We have the same philosophy as Rachel D. Our boys are 7 and 13, and are learning the value of the dollar quite well. They do extra chores around the house to earn mo...
- I don't get paid to do my chores, neither do my kids... no allowance here. HOWEVER, when they're at that age where they need a few bucks in their pockets, I'm sure ...
Allowance
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- There are 6 kids in my family and I'm not sure what my parents did for the rest. I'm the youngest 5 years younger than the next, but here's what they did... and I thi...
- Our girls have certain things they are expected to do around the house, mow the lawn, take out trash, empty dishwasher, that they do because they live there and are ex...
- What about rewarding them every week with how their behavior is and whether they have accomplished their tasks (whatever they may be and that you set out for them)by t...
Allowance. How Much?
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- My son is 7 and he gets $7 a week. He has basic chores like feeding the dog, clearing the table, taking out the garbage ect. Some of these are everyday stuff others ju...
- My dad paid my brother and I with a CHECK every friday of $2.50 each. We had to do the same chores every week. Mine was to vaccum the house and scrub the kitchen floor...
- My daughter is 5 and we just started a chore chart and an allowance. She has one chore per day on a rotating schedule: wipe the table after dinner, clean the top of h...
Chores and Allowance
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- Hi, I have one daughter just turned 11. She kept bugging me for an allowance also. I finally gave an allowance when she was 10, with conditions. She would get $5 a wee...
- Goodmorning D. Whenn I raise my kids I use to have them help me I would help our 6 years old making his bed have him help you too,also he maybe help empty the dish wa...
- Mine is more of an anecdote than a response. I researched what an age appropriate dollar amount was and found that a childs grade is a reasonable amount...give or take...
My 16 Year Old
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- Hey K., I have to say this Whats wrong with Job corp????? I realize it is not a parents first pick however at least she will learn a trade that will enable her to su...
- I suggest no allowance or financial 'support' AT ALL unless her grades improve. Once they do improve, she should also get a 'real' JOB, so she can see how awful it is...
- Firstly, highschools (and the school system in general) are not exactly designed to help kids discover their passions and potential. I didn't take it really seriously...
Giving an Allowance?
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- At the local swapmeets, they sell ceramic piggybanks with NO opening. My BIL makes his kids stuff them to the top and when they cant get one more cent in, they take it...
- Dear J., Sounds like you have a GREAT KID! I don't know all the info to take into account, but if he is that good and you don't give him SOME freedom to have his ow...
- Hi J., I think giving a child allowance is an opportunity to teach many skills. You can teach him budgeting, etc, so he can buy things. Don't assume you know how ...
Help with Allowance
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- Hi T.: We have 5 children all of whom are grown and gone with the exception of our youngest who is 17. We did give chores and weekly allowances, their jobs rotated w...
- I know there are many thoughts on this, but here is my approach to this. When my daughter turned 4 and started the "I want that stage" I was trying to come up with ...
- T., We want our kids to learn that money is something earned not given away so we have our kids sign a chore log and at the end of the month we pay them .35/day (1 ...
Allowance Questions
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- I like a comment I heard that allowance wasn't as much about earning the money but rather about learning to budget. So allowances are given regardless of chores ho...
- I think this is a good subject to talk about, and I love some of the suggestions. We do give our son an allowance that is per chore. We took what we want to give him p...
- We don't give allowance in our house. Our feeling is that we're a family and the family works together as a team to keep the house running. Chores are a responsibility...
Allowance
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- Hope you have room for one more response. I too have given $1 per year. My kids have chores whether or not they get their allowance, the chores are expected to be do...
- My children are now 15 and 11 but my advice is to have them do something to earn it so later in life you won't have a hard time teaching them that they have family res...
- The standard is $1 per age...so for the 5 year old, $5 seems appropriate. Have them save it for something they want or in the bank and explain how by saving, they can...
Allowance for Teen and Preteen
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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.