parenting questions pt 2 allowance

[binny]

how is this handled in your house?

1) Do you have it related to chores?

2) Is it part of being a household member?

3) How much per age? ( personal question I know please dont answer if you dont want to )

4) how often do you give allowance? ( once a week etc?)

5) do you take money off if chores are not done or bad bahavior?


Thanks look for more questions later

 

[Lewski709]

It was given by chores completed. If chores were not done, no allowance was provided. It was weekly and lasted until I got a job (age 14). Remembering back, $5/wk was the most. No money was taken away for bad behavior, strictly based on completion of household chores which changed monthly.

 

[sap1227]

Originally posted by Lewski709
It was given by chores completed. If chores were not done, no allowance was provided. It was weekly and lasted until I got a job (age 14). Remembering back, $5/wk was the most. No money was taken away for bad behavior, strictly based on completion of household chores which changed monthly.

This is exactly what my parents did. Each "job" had a different rate of pay depending on how long it took to complete. If you did not do it on the day "scheduled" someone else could do it for the money. We had a weekly rotating schedule.

Christy

 

[Michelemouse]

Allowance is not related to chores/duties in our house. Chores and duties are expected to be done simply because they are part of the family. Allowance is kept separate.

Every two weeks (on DH's paydays) the kids - DD11 and DS8 - get a check for two times their ages (so they are actually getting their age in $$$ each week). They have to take their checks to the bank and deposit them in their savings accounts. They may then take up to 1/2 of the total amount back as spending money. They can take less than 1/2 but never more. They each have a money box with three envelopes in it. One is marked "Spend" one is marked "Invest" and one is marked "Donate". They must put at least one dollar in each of the Invest and Donate envelopes, the rest they can spend on whatever they want. When they find a good cause or charity they may donate what is in their Donate envelope. Every so often we take their Invest money and buy a bond or stocks.

For us Allowance is more about learning to handle money than payment for any chores. When they are 18 they will be able to see how much money they went through because their bank balance will be roughly equal to what they have had to spend. They are also learning money-management skills and about investing.

 

[Mishetta]

My DS8 gets $3 per week. He gets $1 if he brings home good papers from school from the week (he's in 2nd grade & he gets a "Friday Folder" which has all his work from the week in there.) He also gets $1 if he gets all his spelling words right on his weekly spelling test (which he has not missed one word yet.) He also gets an additional $1 for cleaning up his toys & helping setting the table & clearing the table.

I never got anything & neither did my DH growing up so I feel that my DS is getting a nice amount. He does save it up when he wants something or sometimes he just blows his money at the dollar store.

 

[oogieboogie]

Each DS gets $1 per age - so... DS 5 gets $5 a week and DS 3 gets $3 a week. I give it in $1 dollar bill form. They can do whatever they want with it, but if they want something else and they have no money, then that's just tough luck.

DS 5 has been wanting a computer game, cost: $50. So, each week he's been giving back his $5, putting it in a jar and he'll have to wait 10 weeks to buy this thing.

DS 3 gets his money put straight in his piggy bank since he doesn't really do anything with it yet. DS 5 is very jealous that DS 3 has more money than he does. But... since he opts to buy a toy with his money... so be it.

With the kids its easier to get to do things by consequence. With DS 5, since he loves the computer, if he doesn't do the things he supposed to do, computer time gets taken away. If he misbehaves he looses computer time.

 

[mudnuri]

I elaborated on this in pt 3, but ...

They have normal chores to do daily...make bed etc... then they have weekly chores that need to be done, if they do them they earn 10 cents, if I do the job, I take 10 cents from them. I gave them 2-3 weeks of reminders when we first started this, after that they lose money.

The normal chores are not part of the allowance system, if they dont make their bed or pick up their room, they have other consequences....those are part of living in a house and being a whole unit so to speak.

Oh I forgot, they are 6 and 7 (they dont really need money for anything LOL)
Brandy

 

[Kirby]

Our kids don't receive an allowance.

The way they get money is from birthdays, good report cards or holiday gifts from Grandma ($5). Our son works for my husband during the summer. 10% of his earnings is put into savings and 10% put back for the church.

 

[disneyjunkie]

Originally posted by Michelemouse
Allowance is not related to chores/duties in our house. Chores and duties are expected to be done simply because they are part of the family. Allowance is kept separate.

I handle allowance and chores the same as Michelemouse.

My son's allowance is $12.00 a week. Right now he's saving for a few new video games and to have extra spending money when we go to Disney.

 

[aprilgail2]

My 4 year old gets 2.00 a week now and all she has to do is fill the dogs dish with water each day. She gets it every Friday and she saves every penny of it for the Disney cruise. She tells me she wants to have her own money to spend and she has 72.00 saved so far!

 

[Kimberle]

When I was abt 14, I started getting a rather large allowance. ($30 per week, back in the 70's).

BUT - I had to buy all my own clothes, shoes, lunch tickets, hair cuts, gas for my car, everything except car insurance.

Like others said, it was about learning to budget & manage money. I plan on doing the same when Brittany is older.

Right now, not quite 5, she gets no allowance.

PS: My parents did the same w/ my little brother. He invested everycent in CD's (bank kind, not record) with the exception of a very nice stero. He refused to "waste" his $$$ on clothes. My Mother would get to the point where she would be "embaressed" to be seen with him & buy him chothes. Now, how's that for having your "cake" & eating it too!!! Little stinker!!

 

[Lanshark]

My kids get an allowance equal to the grade of school they're in. This is their money to spend on CD's, video games etc. I do not tie it in to chores. The are expected and required to do chores because they are members of the family, They have specific things they do but are also expected to do those things that I ask which are outside their normal chores. DD is 17 and DS 13. I've never had a problem with them doing what's asked. I've never docked their pay based on chores.

We do all of our banking online. The kids each have their own account that their allowance goes into. We transfer it to their accounts on Saturday. They know how much they have. Birthday, Christmas money also goes into that account. When they want something I either pull the money from their account or I pay for it and they pay me back. This system works great for us.