allowance for children
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Allowances for 6 and 10 Year Olds
Asked by A.T. from Norfolk
on September 5, 2009
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My kids have decided they want to save up for a very expensive toy, a Wii Fit. I think there is value in the activity but it is just not where my budget is at right n...
Answers
- My daughters (8 & 12) get 1/2 of their age in dollars for their allowance ($4 & $6) every Sunday. My husband & I go to the bank and to get enough money for a few mont...
- Starting at age six, I give my children their age in dollars per month. They get it on the "monthaversary" of their birthday-- every month on the 2nd or the tenth or ...
- I definitely think that chores such as keeping their rooms clean, helping set the table, taking care of pets,etc. should be considered family responsibilities. I have...
Allowance for 7 Year Old--how to Do It?
Asked by N.B. from Salt Lake City
on June 14, 2009
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My 7 year old daughter wants to earn her own money. So, I think it's time to start an allowance, but wasn't sure if it should be tied to things she does to help our f...
Answers
- My boys have age-based chores. Everyone has a dog chore, a dish chore & their basic chores. 5 year old sets & clears the table, 8 year old puts away the hand-wash dish...
- My boys, are 8 & 10. they have chores that are tied to their allowamce but they understand that there are other things that they are responsible for.. cleaning their r...
- I would encourage her to do chores to earn her allowance. I think it teaches a valuable lesson about the value of money and self-reliance. It doesn't have to be anythi...
Question About Allowances
Asked by V.B. from Sacramento
on September 1, 2008
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My husband and I are trying to decide on a "fair" weekly allowance amount for our son who is almost 8 years old. Chores have nothing to do with the money he will rece...
Answers
- Our son is 7.5 yo & we started allowance this past year. We recently re-vamped it & are now giving him $5/wk not tied to any chores. We thought about the $1/yr of li...
- I really like the post of the person before me. Great job! Might consider the things that your son is in to. If half of his age in dollars would work then go for i...
- We do something like Noelle's family. We divided it into 4ths. 1/4 for now, 1/4 for later, 1/4 for giving, 1/4 for long terms (college). If she wants to use her Later ...
How Much Allowance Money to Give 4 Year Old
Asked by B.C. from San Francisco
on March 27, 2008
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My son just turned 4 years old and my husband and I have been talking to him about him starting to do some simple chores around the house and receiving allowance money...
Answers
- Hi B., I encourage you to step back from your question of how much to give, and ask yourself, what do you want to teach your child through this allowance money? ...
- My sister has done a great job with her children. She gives them a jar of nickles (about $2 at that age) and then takes nickles out for bad behavior and puts extra in ...
- Hi B.. I started to give pocket money when mine were 6 years old, they had/have more understanding of money than age 4, every child is different as your son may un...
