When they get money for chores, birthdays,holidays...what do you let them do with it?
Do you let them spend it on whatever?
Do you have them divide it up...like 1/2 goes to savings, the other half they can do what they want with?
What do you do?
I'm just wondering because yesturday a lot of people said I was on a "powertrip" by not letting my son spend his money right now. He is 10.I didn't say he COULDNT have it.I said he had to clean his room and get rid of some of the gazillion toys he already has before he brings new ones in the house.
He actually asked me this morning if he could put 1/2 in a bank account and I agreed.The other half, he can do what he wants with it (AFTER HIS ROOM GETS CLEAN).See, when he money doesnt burn a whole in his pocket, he has time to think about what he's going to do with it instead of impulse buying.
I don't think I'm being unfair.I think thats reasonable.
What do you guys do?
Asked by Anonymous at 12:32 PM on Apr. 1, 2010 in Tweens (9-12)
Answer by May-20 at 1:01 PM on Apr. 1, 2010
Answer by 4xsthetrouble at 12:49 PM on Apr. 1, 2010
Answer by 4xsthetrouble at 12:51 PM on Apr. 1, 2010
Answer by mylilnathan at 1:00 PM on Apr. 1, 2010
I am trying to teach my son about money but he always trys to get stuff that he doesn't need or will really play with. He is only 8 but he needs to learn that money doesn't grow on trees. I don't think a kid should be able to go and spend money wildly. When my son gets money he usually tries to save it all until he can buy something.
Answer by JAIRATRACI at 1:05 PM on Apr. 1, 2010
Answer by JazzlikeMraz at 1:56 PM on Apr. 1, 2010
Answer by JazzlikeMraz at 2:06 PM on Apr. 1, 2010
Answer by mrsjonzy at 3:21 PM on Apr. 1, 2010
Answer by Anonymous at 6:00 PM on Apr. 2, 2010
my kid doesn't get an allowance. an most likely won't. I don't think i should pay him for doing things he is suppose to do. Like make his bed and clean up, Ect. but if he does get money for holidays, and theres something he REALLY wants (like he collect transformers and Batman stuff) he can get it. But last time he got money he wanted to put it in his bank account. he loves going to the bank. And once a year I let him pull a LITTLE bit out and treat himself to something nice. He's only four but know what moneys about and that you should save it for something special.
Answer by EarthMama05 at 1:03 AM on Apr. 3, 2010