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Post by nevaehsmom327 on Oct 19, 2011 9:28:50 GMT -6
DD is reaching the age where she can be helping around the house a lot more. I want to reward her for it, because most of the time its a battle to have her do things. I don't like to call them "chores", instead I call them "acts of service" because we are all serving each other in the household. But I'm wondering, when do you ladies start rewarding your children with money? And how much? And how often? I'd like to start, but don't know where to begin with it! Any tips would be great!
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Post by brandi6685 on Oct 19, 2011 10:48:48 GMT -6
Ds is only 4 but I have thought about allowance a lot. I never got any but I would like for my kids to get it. I was thinking about doing it like this.
$1 a week for how old they are so your dd would get $6 a week but I was going to break it up and make them save part of it in a savings account that we also put money into and put part in a piggy bank to save for something big that they really want and then the rest they can spend as they wish. We havent started yet but I'm thinking we will next year when ds is in kindergarten.
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Post by nevaehsmom327 on Oct 19, 2011 12:05:43 GMT -6
A friend of mine had an AWESOME piggy bank for their kid, and they always paid her in quarters so she could split it up easily. But it was split up in thirds, with one section saying "savings", the other saying "spending" and the other saying "helping". And they allowed her to put half in her spending, then do what she wanted with the rest. And at the end of every month they took her to the bank and got cash for her spending coins, deposited the savings, and had the check write and send a check to the charity of the kids choice. Which I think is just amazing. Teaching the kid to SAVE and GIVE!
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Post by laurac on Oct 19, 2011 12:45:14 GMT -6
My answer would be as soon as she starts DOING SOMETHING! Meaning mine, not yours!
If money is a motivator for her, then do that!
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Post by cakemakermom on Oct 19, 2011 12:48:17 GMT -6
I'm giving my kids $1 a week now that they're in school. It's like school is their job and I'm paying them for their job... at least in my mind that's how it works. One is in 1st, the other in K.
Chores aren't things I pay for, it's something we have to do to learn how to survive on our own. Both kids have certain levels of chores to do, but it has nothing to do with allowance.
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Post by nevaehsmom327 on Oct 19, 2011 12:51:35 GMT -6
I like your answer laura! Money isn't a motivating factor at this point, but I'm sure if it was brought up, it would be then!
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Post by sharon on Oct 19, 2011 20:22:21 GMT -6
We started allowance at 4, but do not tie it to chores. Chores are expected, not paid for in our family. I want to convey that we all do our part, because that is what family is about, not to get paid. That being said, there are times when we will offer payment for optional tasks that are above and beyond what we expect. But they are truly optional. It's more an opportunity to earn some money by doing something that we would not expect him to do.
With allowance we divide it into 3 parts as you describe. 50% goes into savings, which is not to be touched for the foreseeable future. 25% is spending, that he can use as he wishes, so long as it's something we feel is appropriate (he can't buy a toy gun, for example). 25% is for tzedakah, which is a Jewish concept similar to charity. He picks where and when he wants to donate the tzedakah, and we match it, doubling his donation.
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Post by mnmommy2 on Oct 19, 2011 21:22:28 GMT -6
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Post by nevaehsmom327 on Oct 20, 2011 7:48:49 GMT -6
those are way cool!!! i should make some!
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Post by charliesmom05 on Oct 20, 2011 13:44:05 GMT -6
Our son is now six, but we have been doing allowance for at least a year if not a little more. We don't pay for the chores that are expected like picking up his toys, putting his known- to be dirty clothes in the laundry chute, or taking his clothes and putting them nicely on top his dresser for me to sort through which ones may be clean and then he puts his dirty ones in the chute. he puts his shoes where they go and helps me sort through his toys when I ask to make it easier to find. So those things don't get paid for doing because we want him to learn to pick up after himself.
But if he wants to earn money he can go a step further and put the silverware away out of the dishwasher and if he does that everyday, he gets $1 on Monday's. but it has to be everyday.
Our ds is very well behaved and we don't have to fuss to get him to help (much) so that makes it easier to pay for the silverware. If we had to fuss more we would add more to the list before he gets paid. some weeks he doesn't get paid because I forget and put the silverware away. But it's never been an issue. Once he gets older we will add more for pay.
I wouldn't pay for going to school because that is something he has to do. But maybe we would pay for good grades, if his grades were ever poor and he started getting them back up (ds is only in kindergarten).
Grandparents empty their pockets when they visit and give loose change so ds has separate piggy banks. Quarters and dimes don't get used, they are in his saving bank. nickles and pennies can be spent when ds gets enough for something. Two years ago he had enough quarters for a wii and a couple games (which he had been begging for but we werent going to spend that kind of money, so he and daddy went to the bank and came out with BIG bucks) so then we decided that quarters should be saved. dollars can go in to his wallet, anything bigger goes in to college fund we have at our bank for him.
so ds is already learning about saving and spending. Just last week he was looking through a toy catalog and knew he had $8 he could spend, so he was flipping through the catalog trying to see what was less than $8. then he decided to wait till after his birthday incase he got any birthday money to add to it.
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Post by charliesmom05 on Oct 20, 2011 13:56:32 GMT -6
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Post by boopmama on Oct 20, 2011 14:12:15 GMT -6
My kids still don't get an "allowance" and they are 13 and 16. I figure they live in the house, I feed them, buy them clothes, pay for activities, etc..... they can at least help out around the house. If they help out by doing chores then I'm more than willing to give them some cash to go out with friends, etc. I figure that is enough "allowance" since I pay for everything else.
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