Comments on: Allowance for Kids

By: Harry Potter World Hollywood - Pulling Curls

Harry Potter World Hollywood - Pulling Curls — Thu, 23 Jun 2016 02:28:38 +0000

[…] 2 kids who bought wands. Yes, they are excessive and insane, but I actually increased everyone’s allowance the week beforehand so they’d have some money for our trip. The Harry Potter fanatic knew 100% […]

By: Summer Program for Teens - Pulling Curls

Summer Program for Teens - Pulling Curls — Mon, 23 May 2016 14:42:13 +0000

[…] all school year with turning in homework and being on top of their studies. I have adjusted our allowance spreadsheet a bit (over-riding concepts are still the same) and plan to pow-wow with them each after dinner to […]

By: Hilary

Hilary — Tue, 27 Jan 2015 02:59:25 +0000

In reply to Esther - sewpollyesther. I think any way you find to let kids figure out spending money as well as earning money is a great start!

By: Esther - sewpollyesther

Esther - sewpollyesther — Sun, 25 Jan 2015 16:23:12 +0000

I’ve started putting a tiny bit £5/month away in our girls (2, 5 and 6) bank accounts each week, they are only vaguely aware of it but it means when they really really want something they will have a bit of money they can spend. Birthday and Christmas money goes in here too.

They have daily tasks that they are expected to do (getting ready for school, reading, making beds, laying the table etc.) and we’re introducing weekly tasks (responsibility for keeping one area clean in the house, helping with dinner one night per week, a load of washing, emptying the dishwasher) gradually at the moment, 2 for for 2 year old, 5 for the 5 year old and 6 for the 6 year old.

If they want to earn extra allowance they can ask and I will set them extra tasks, usually off my own list :p and I pay reasonably well for that. But they need to have done their regular tasks first.

By: Hilary

Hilary — Tue, 20 Jan 2015 22:46:01 +0000

In reply to Laura @ Little Bits of Granola. In other news, no one earned allowance last week. :)

By: Laura @ Little Bits of Granola

Laura @ Little Bits of Granola — Tue, 20 Jan 2015 01:13:45 +0000

In reply to Hilary. That is a great approach! It has the added benefit of teaching them that they need to take the initiative to get it done on their own rather than wait for someone to tell them (or hope no one will tell them!)

By: Hilary

Hilary — Mon, 19 Jan 2015 23:27:46 +0000

In reply to Laura @ Little Bits of Granola.

I am sure i overcomplicate it — but I am VERY clear that they are being paid for doing it on their own without me asking, not just for doing the job….

By: Laura @ Little Bits of Granola

Laura @ Little Bits of Granola — Mon, 19 Jan 2015 18:20:47 +0000

We are just starting to have these conversations (our oldest is 3). The thing I struggle with is how do you differentiate between things that are simply part of being part of the family and working together as a team (like cleaning up after themselves) and things that are “extra” and that they can earn money for? I don’t feel like my kids should get to be paid for cleaning up after themselves. I feel that doing so is simply respectful to the rest of the family and part of all of us working together. Maybe I am over-complicating things though, because in the end the important thing is that they learn responsibility both with getting their jobs done and with handling their money!

By: Hilary

Hilary — Sun, 18 Jan 2015 00:44:28 +0000

In reply to Havok.

Haha, my life would’ve been better if I had more expensive taste. 🙂 I can’t imagine that’s what I want for my kids — but I do get what you mean. 🙂

By: Havok

Havok — Sat, 17 Jan 2015 19:42:06 +0000

I had a chart, and multiple things I had to do each day (dishes, make the bed, set the table, feed the cat) – all simple things, but if just about everything wasn’t checked off for a week, no allowance for me. My parents didn’t hold onto it for me, though, it was mine to do with what I wished – and once it was gone, it was gone. I got school supplies, and birthday and Christmas presents, but that was it. If I wanted something else during th erest of the year, I had to use my own money for it.
I think, though, it would have worked better if I had more expensive tastes as a kid, and had learned to save up for a larger ticket item. But most of what I got was craft stuff from Michael’s or new DVDs or CDs (on the cheap), so saving it never turned into a lesson until I was older.