If so how much and at what age? Do you help them know how to categorize? (spend, save, donate)
Do they need to earn the allowance or is it just a given? If so what chores need to be done? What day of the week is your family "payroll"?
Answer by MamaChamp at 12:11 PM on Feb. 17, 2010
Dave Ramsey for kids ...and now I rethink my idea. :)
Answer by MamaChamp at 12:15 PM on Feb. 17, 2010
My son is paid for chores he does around the house. Cleaning his room, play room and keeping his bathroom clean are not chores just things he should do. Taking out the garbage, sweeping and mopping the floors, vacuuming, dusting, cleaning the baseboards and windows, dusting the blinds and other things he helps with he is paid to do. He gets 1-1.50 per chore. Yard Work he was paid more for in the summer since it was harder work and took longer. He likes to earn money so after homework he will look at my list of what needs to be done and will start on something. He plays like most kids do but he likes to work and earn money for books and other things he wants. He puts money into savings he has learned to pay himself first he loves looking at his account online and see how much it has grown. We don't just buy him stuff outside his birthday and Christmas so he knows if he wants something he earns it.
Answer by momtolucas2002 at 12:32 PM on Feb. 17, 2010
Answer by kinzleysmommy at 12:38 PM on Feb. 17, 2010
Answer by justanotherjen at 1:17 PM on Feb. 17, 2010
Answer by NannyB. at 1:43 PM on Feb. 17, 2010
Answer by Knightquester at 1:47 PM on Feb. 17, 2010
Answer by Anonymous at 2:00 PM on Feb. 17, 2010
Answer by purpleducky at 5:38 PM on Feb. 17, 2010
Answer by motherofhope98 at 5:48 PM on Feb. 17, 2010