- August 1, 2007 at 12:04 pm #241857BiggerPiggyBankParticipant
1. Do you give your kids an allowance? Yes.
2. If so, how much for what ages? My dd’s (6 & 9) get up to $7/week depending on what chores they do.DRAIN THE SWAMP, #MAGA VOTE TRUMP 2020!
Of that $7/week, $2 goes in savings and $1 goes to charity.
3. What expenses do you expect them to cover with the allowance? Anything they want to buy for themselves (toys, treats etc.) outside of Christmas, Bday & Easter.
Also greeting cards for relative’s or friend’s bdays. We add extra chores to the list in the fall so that they can make more money for Christmas presents.DRAIN THE SWAMP, #MAGA VOTE TRUMP 2020!
4. Do you tie the allowance to additional responsibilities? Yes.
We have a chore chart – beds made, feeding/watering the pets, cleaning kitty litter, garbage out etc. For each day that they do these chores without complaint (big requirement) they receive $1.00. We have explained to our children that everyone pulls their weight in the running of the family house in order to benefit from the family paycheck.
If you don’t do your part, you don’t get the benefits.DRAIN THE SWAMP, #MAGA VOTE TRUMP 2020!
5. Do you give your child an opportunity to earn extra money? If so, how?
Yes, if they are saving for a special something, they can add dusting, vaccuuming, mopping floors, cleaning the bathroom, gardening etc. to make extra money. We have a small bulletin board that lists these extra jobs and how much they pay.
Dusting one room might pay $.50, while an hour of weeding can be $$3-5.00. We also have extra chores in the fall so that the kids can save up to buy Christmas presents for each other and us.DRAIN THE SWAMP, #MAGA VOTE TRUMP 2020!
Monica in IL
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