Understanding Money: Older Child

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Allowances and Finances

Recently I read different ways parents teach their children the value of money. Some give their children a weekly allowance, some give them a monthly allowance, some just give them money when needed. Since the idea behind it all is to teach children the value of money, I became curious as to how the parents of these children were taught by their parents and how are they are today at handling finances. I was given money whenever I wanted to go do something, such as a movie or go to the mall. I was not given a weekly or monthly...

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6 Year Old Allowance

My daughter is almost 6 years old. She has no concept of money. She thinks...

Allowance

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6 Year Old Allowance

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 buy her own afternoon snacks at school and whatever toys she thinks she must have. My question is how much of allowance do you give to a 6 year old? What are the task she must do, in order to earn the money? What about deductions, when she doesn't do anything? Thanks for your help in advance. K.

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Allowance. How Much?

How much allowance do you give your kids and what kind of tasks do you give...

11

Chores and Allowance

At what age do you start distributing chores and how much do you pay for...

Jobs

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23

6 Year Old Allowance

My daughter is almost 6 years old. She has no concept of money. She thinks...