Is your child's allowance dependent on chores?
May 5, 2014 9:06 AM Subscribe
My ten year old daughter wants to start getting an allowance this summer when school is out. My husband and I thought about it and we thought 10 dollars a week would be good. But we are trying to decide the pros and cons of attaching the allowance to chores.
posted by lynnie-the-pooh to Work & Money (44 answers total) 44 users marked this as a favorite
She already does some things around the house, of course. She does make her bed (sometimes) and she puts her stuff away (sometimes) and she sets the table (sometimes), you get the idea. And we have always talked to her about the fact that she is part of a family and so doing things around the house helps out the family.
I guess what we want is two-fold. We want to increase the idea of "chores", and we want to teach her the responsibility of money, but we are not sure if we want to connect the two. We have read articles on the web saying that a child should help out and do chores because they are a part of the family. But at the same time, if we just give her money I don't want her to just think money just comes to you. For in real life you need to do a skill or service for money. So I guess we just need some imput.
I know for sure I want to teach her how to save her money. So I bought one of those piggy banks online that have several slots in them, and one is for saving, one is for charity, one is for spending, etc. I think that is a great tool.
But as far as to attach the chores to the allowance, I'm not sure. If I did not attach chores, I'm not sure what I would say to her, as far as why she is getting the money every week.
Please help. You guys always amaze me with your ideas.