Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Presumably you're providing food, clothes and shelter, regardless of how many chores they're doing. Giving them some of that support in cash rather than pre-purchases doesn't necessarily need to be tied to chores. By giving them money instead of clothes it's easier to tie it to their contributions or lack thereof, and teach them budgeting skills; but unless they were foraging for food in the backyard before, you aren't necessarily giving them more by giving them an allowance.
yes, this. If my kid sees something he wants, I think it is good for him to budget for it with his own money, recognize the cost. vs the benefit, etc. rather than just have me get out my wallet and pay for it myself.
Work ethic is important, although I fear it has become less important among younger generations than it once was.
Kids ought be taught if they want something badly enough, they must earn it themselves. This can begin early on in a child's life by allowing them to earn allowance for completion of age appropriate chores.
Seems fair to me.
I'm with the OP! I didn't grow up being given any money for doing my own laundry, and keeping my room clean. It was expected of me to do that, so why should I give an allowance for something they have to do regardless? Makes no sense to me. I award when they do extra's like DD helping little brother with homework...
It's not that the new generations think it's less important, it's that these generations are spending too much time in daycares where no one teaches "work ethic"!
I'm with the OP! I didn't grow up being given any money for doing my own laundry, and keeping my room clean. It was expected of me to do that, so why should I give an allowance for something they have to do regardless? Makes no sense to me. I award when they do extra's like DD helping little brother with homework...
It's not that the new generations think it's less important, it's that these generations are spending too much time in daycares where no one teaches "work ethic"!
Don't suppose you can support any of that opinion with actual facts?
We never paid for chores.
Doing chores is part of being a family.... chipping in and doing your part without the expectation of being paid for it.
How old are your kids, Co Sign?
My kids are now grown adults. They manage money wonderfully.... even to the extent that they are both homeowners in their 20s (done with their own cash and great credit scores!).
They earned money by volunteering to do things above and beyond their chore list, and by working.
Hi my oldest is 15, 11, 7, 5 and 2. Since they were little, the first thing that me and the mom told them is that if you want something, you gotta work for it. We feed you, buy you clothes, shoes, birthday presents and Christmas presents. Thats about it, anything else they want, you ask Mom/Dad what they can do around the house to earn what they want. Its amazing how happy they are after they finished whatever you asked them to do and then take them to the store to get what they wanted. I can see it in their eyes that they really appreciated what they got. I see that we all have differents views and culture perhaps, but the most important thing is that your child grow up to be a responsible and respectful human being.
By the time an YOUNG ADULT is 14 years old they should be getting $330 when your paycheck arrives. The idea of allowance is basically so they could GO TO THE MALL and PRACTICE WITH MONEY. Meaning they understand value and the right of money itself. That allowance allows teenagers to ( not only to look like grungie teens ) to be able to make decisions about money to learn from their mistakes. Only now as an pathetic waining adult I am learning this now. Bottom-line give them money and tell them "THAT IS FOR YOUR CLOTHING, FOOD, GAS, etc until you have a big job like me.
every so often give em like $20 as an incentive for doing good in school or just as a treat
you already take care of your kids needs by providing meals, food. clothes, shelter etc
lmao @ chores... if you have to pay your child to do something you ask them to do or stuff they are supposed to do like cleaning up after themselves then thats a problem right there
The other very important thing you can teach your child at a very young age is how important credit are and how to built and maintains good credits. Something that I wished my parents or any of my teachers talk to me about. I to had learned it all on my own and it means the hard way. I have been teaching my 11 and 15 year old about credits for the past two years. I wish they stop teaching how to dissect a frog in school and teach the kids how to build and maintain good credits, how important drivers license are, how not to ruin their criminal record and how to fix a broken chair...
Heres a quick tip for you if you dont know much about how credit scores work...
You must only used up to 70% of your credit card limits at all time. The moment you spent more than 70% of your credit card limit, your credit score will drop by up to a 100 point even if you're making your payments on time. Its crazy but true
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
