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Old 09-16-2012, 03:27 PM   #1
ekatiel
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Let's Talk Allowance

Our boys are 6 and 8, and it's time. How much do you give a week? Do you attach it to chores? Any other tips? --Katie
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Old 09-16-2012, 03:38 PM   #2
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Our boys are in charge of their rooms and helping around the house, basically picking up after themselves. No allowance is given for this. If they want to earn some cash we have a list of things with money amounts next to them that they can choose from. It is based on age so my 13 year old can wash the car or mow the lawn for extra money and my four year old has things available like helping put away laundry or sorting lunch containers and lids.
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Old 09-16-2012, 03:44 PM   #3
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My kids are 9 & 11. They have daily chores that are expected of them. They do not get a choice and if they don't complete them they lose all electronic priveleges until they finish them. This year we added one "extra" chore to their list. My daughter (11) does the dishes every day and my son (9) cleans the bathroom quickly twice a week and thoroughly once a week. For this they get $5 per week. It is not optional but a little above and beyond "normal" and that is why we pay them for it.
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Old 09-16-2012, 03:46 PM   #4
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My son is 9 yr old and we give him $10 per week. We just started giving an allowance a few months ago. He does have chores, he has to keep his room clean (including making his bed) and take out the garbage. He also helps grandma when he's over to her house so she gives him money as well. He does his chores without us saying a word and this was before we started giving an allowance. He even helps me with gardening! He is saving for Disney
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Old 09-16-2012, 04:02 PM   #5
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My twins are 7. Mon-Fri they are asked to do one chore from the chore list. Friday is pay day. If you do one chore, you get $1. $5 is the max. They are expected to tithe $1, save $1, and do whatever the choose with the rest. My son tends to tithe $1 and save $4, his choice. We also match whatever goes into savings.

Cleaning their bedrooms and bathroom are a weekly MUST. They don't get to play on the weekends until those 2 chores are done. So they always get $2 (tithe and savings). Extra chores include helping me clean the kitchen, laundry, yard work, etc. The hard part is making sure chores are age appropriate. They aren't asked to wash laundry, but they can help hang/fold and then put their own cloths away.

I believe this is a great way to teach them the value of a dollar and how to manage money.
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Old 09-16-2012, 04:05 PM   #6
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myDD is 13 and gets 7 a week she hs to load/ unload dishwasher, help with laundry ( putting her stuff away) and take garbage to dumpster she earns extra when she does extra stuff I dont buyher anything anymore meaning if she wants a magazine or something she has to buy it!
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Old 09-16-2012, 04:30 PM   #7
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My DS12 earns $10 a week for his chores, but I also offer "extras" occasionally where he has the opportunity to earn extra money for larger projects.

I opened up an ING account back in July for him because they were offering bonuses for opening accounts. He now has a debit card and I have an account there as well so all I have to do is electronically transfer his allowance each week. I am working with him on how to balance his account each month. I do not allow him to carry his card around with him on a regular basis, but I have it with me in case he wants to use it.

Prior to this year, he did not receive an allowance. It was expected as part of the family to take pride in his home and help out around the house. However, I think it is really important for him to understand money and I probably should have started a little earlier.

He is saving for a laptop of his own so we don't have to share. I am really glad that he has chosen to save for something really important to him and not candy bars and other junk food!!!
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Old 09-16-2012, 04:46 PM   #8
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My almost 9 year old gets $20/week. He is required to keep his room and bathroom clean and put his laundry away nicely or he isn't eligible for allowance that week. Then, he has to clean the living room, including vacuuming and dusting and feed the cats and dog daily to get the allowance.

Aside from books, clothes, food and occassional entertainment, I don't buy anything for him. If he wants an i-pad app, he has to pay for it. If he wants music for his ipod, he has to pay for it. If he wants yu-gi-oh cards, he has to pay for it. If he wants gum at the store, he has to pay for it. If he wants Disney pins or vinylmations, he has to pay for it.

In all honesty, he only gets allowance once or twice a month, because sometimes he'd rather play with his friends instead of cleaning the living room. His choice and he knows it. But it's always funny that he does work every weekend before we leave for a trip or when he knows new yu-gi-oh cards are coming out.
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Old 09-16-2012, 05:08 PM   #9
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You have to think about your purpose in giving an allowance. If your purpose is to motivate kids to do chores, then you should make the allowance dependent on the chores. If your purpose is to teach your kids to understand and manage money, then the money should not be dependent on chores.

I ask my kids to help around the house all the time. I don't pay them for that, because nobody ever pays me for housework. Helping is just an expected part of life.

I give my kids an allowance every week because I want them to be able to budget and manage money. They get their age in dollars and get a "raise" every year. They are expected to save half of that money, which we put in the bank. The savings still belongs to them and they could use that money someday towards a larger purchase like a car or computer, etc. They just can't use it for spending money. My kids are expected to use their own allowance to pay for vacation souvenirs, birthday and Christmas gifts for each other, odds and ends they might want to buy at school like snacks, their activities if they go out with their friends (movie tickets, etc.), books and music that they want and any clothes, shoes, jewelry, etc beyond what I planned to buy for them. So maybe I was going to buy a few shirts for school, but my daughter found another shirt that was more money that I wanted to spend--she'd buy that one for herself.
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Old 09-16-2012, 05:12 PM   #10
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When my daughter was younger, I would give her $1 for every year she was. For example, at 8 years old, she got $8 and so on. Of course, there were chores attached to everything. Now, she's 14 and does a lot around the house. There is no real "allowance" but if she wants to go out with a friend to a movie or shopping or to an arcade, I'll give her the money for that.
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Old 09-16-2012, 07:04 PM   #11
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We do a dollar per year each week. So, DS earns $8 a week right now; he turns 9 in about 2 weeks, so his allowance will go up a dollar.

His allowance is not tied to his chores. Chores are his part of keeping our house running. He feeds and waters the dog at least twice daily (more water in the heat); he "pooper scoopers" the back yard at least once a week. He puts up all the silverware/cooking utensils/knives when dishes are done. He has to keep his bedroom and tv/play room picked up. He is responsible for for putting his dirty clothes in the laundry room and picking up the clean from my room after they are folded. He also dusts the tv/electronics/bookshelves (to his height anyways).

He was doing the weedwacking in the yard during the summer, but I do it now that school is back in session.

In addition, he is asked to help with the dishes on occasion; he's learning how to cook and do laundry as well. He knows how to clean his bathroom, and he does so on occasion (depending on time). He also helps DH with the pool.

If he wants to earn extra money, I have baseboards, a garage and a back porch that need cleaning. Things that don't need to happen very often, but they still come up.


He has to save $2 for whatever goal he sets; $1 goes to his Cub den dues; and he can spend $5. Right now, he has $100 saved, going towards a 3DS. He just spent $20 on Kingdom Hearts Recoded for his DS. If we have a vacation coming up, or holidays, he has to budget for souvenirs or gifts.
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Old 09-16-2012, 07:08 PM   #12
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It's been a while since my girls were collecting allowances. But, when they did, they got a base allowance and then earned additional money for the chores that they did.

Giving them no allowance didn't work, because they always needed money for something. So if they weren't collecting an allowance, they would have to just "get money" for what they needed.

On "good weeks", we would pay for extra things like, movies.
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Old 09-16-2012, 07:21 PM   #13
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We have a system that is based on 10 chores plus two daily extra chores or practices. Each one is assigned an amount in change, which adds up to $5 a week if all completed.

In addition, special stars or events (like get a new DVD) can be earned and assigned as she wishes.

All this is tracked daily on the fridge. Pic attached.

DSC00472 by englanddg, on Flickr
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Old 09-16-2012, 07:41 PM   #14
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Zip. Zero. Zadda.

We have charts but they don't earn for the stuff that we 'expect' them to do. I guess we are old fashioned but clearing your dishes, making your bed, etc. aren't allowance worthy.

Now if they do a special project (pick up sticks/pinecones, fold laundry, etc.) then I pay on a case by case basis. Usually 25 cents to $1.
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Old 09-16-2012, 07:50 PM   #15
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DS gets $1 for each year of his age. He is 7 so he gets $7 per week to spend on what he would like-- such as pokemon cards, toys, gum, 3DS games,etc. It is not tied to chores(although he does have chores he is expected to do). Before he got allowance he was always begging for me to buy this or that for him. Now that he has his own money he considers his wants much more carefully and actually saves for things on occasion. It has been a great tool for learning money management.
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