Friday, October 2, 2009
How many people give their kids allowance? What age do you start? Do you make them do chores to get it? Do you make them save it for the future or spend it on a toy? It's hard to decide when they are ready or understand the idea of it. If my kids are good in the store while grocery shopping I allow them to have $10.00 for a toy (every other week). My kids are still small and do not understand money too much. They do help me around the house and clean their rooms daily so I feel they deserve something! I have made them each a savings account for the future but I would like them to not know about it until they are adults! Once they understand money more I might give them a weekly allowance. I like the idea of making them save some of it, but not until they understand. I am horrible at saving money and hope my kids don't take after me. If there is a dollar in my pocket I have to spend it on something. Lotto ticket!! Mountain Dew! Snickers!