| Should kids get an Allowance? | |
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| Topic Started: Oct 17 2015, 02:13 PM (501 Views) | |
| VoiceofReason | Oct 17 2015, 02:13 PM Post #1 |
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I'm thinking about it. I want to come up with an Allowance program for my pre-teen. My oldest never had an allowance - he is a natural saver. He saved all of his birthday monies, and whenever he wanted to buy something, he'd offer to do extra chores to earn a few bucks. Yay. But my youngest is not like that at all. She will spend her first and last cent on a whim. Generally, I think kids should do chores as part of their responsibilities to the family, and should not "get paid" for that. Kids also need to earn and learn the value of a dollar. What are your ideas and thoughts? Edited by VoiceofReason, Oct 17 2015, 02:15 PM.
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| Snidely Whiplash | Oct 17 2015, 04:02 PM Post #2 |
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I do allowance. A general amount plus additional based on chores or exceptional performance at school. Does it help or hurt. I like to think it helps in the long run but that probably depends on the particular child. |
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| Ether | Oct 17 2015, 05:43 PM Post #3 |
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I think so. I think it's a nice way to teach them money management and priority. Teach them to buy their own things when they break it. Save so they can buy better things. Teach them to buy things they need vs their wants. I remember I spent my allowance on some 200 jeans that had all the western conference teams of the NBA stiched on them. My mom was pissed but she said I was going to learn. And I did because shortly after I needed money to get my car fixed and I had spent all of it on those damn jeans. |
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| VoiceofReason | Oct 17 2015, 06:39 PM Post #4 |
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Ether, that is a great story! Obviously, you learned your lesson because you still remember "those damn jeans". Edited by VoiceofReason, Oct 17 2015, 06:40 PM.
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| VoiceofReason | Oct 17 2015, 06:42 PM Post #5 |
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Hmm... A general amount Plus extra based on chores And extra for good grades. I'll think about that. I'm thinking the general amount will be 0. Extras based on doing a great job on chores. And I am willing to pay a premium for A's. |
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| Ether | Oct 17 2015, 07:45 PM Post #6 |
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Fuck yea I do. They came from this store called man alive in the mall. I had those sucker on layaway. I mainly bought then to boast at school School to me was a fashion competition rofl |
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| Can't Help It | Oct 17 2015, 07:49 PM Post #7 |
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I agree with Snide, my kids except for the youngest one were rather frugal with their allowances. When the oldest one started driving I gave him extra to help on gas but their dad said I was spoiling him so I left it up to him to decide how to handle it....when he didn't I made a deal with my son, to pay half of his insurance premium and I would provide X$ in gas money...if he ran it all out he walked. So he got a part-time job after football season. We won't talk about the youngest one. |
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| Ether | Oct 17 2015, 08:21 PM Post #8 |
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Once in started playing basketball and got a partite job that's when that allowance started kicking in. I had to pay for all my uniforms and equipment. Gas, books etc. My mom wanted me to be responsible. I learned a lot my Junior year |
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| Snidely Whiplash | Oct 17 2015, 09:22 PM Post #9 |
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More than an A, that's generally expected. Extra credit type of work and commitment along with good citizenship. |
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| VoiceofReason | Oct 17 2015, 11:05 PM Post #10 |
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What was their allowance based on? Chores or attitude or GP? And I'd like to hear about the youngest since he/she was not frugal. That's what I've got happening right now with my 12 year old. Edited by VoiceofReason, Oct 17 2015, 11:06 PM.
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