My kids get $10/week, but the money is not tied to specific tasks. We don't want our children to take care of their things because they get paid to do so. We want them to learn to take care of their things because they care about them. Basic chores are done in our house simply because they must be done in order to have a well-functioning and safe household. We *WILL* pay them to do a job that we would hire someone else to do, like babysitting a younger sibling, but we don't pay for everyday chores.
We give our kids an allowance solely to help them learn to use and budget money. We want them to have the opportunity to make mistakes with money, and learn from those mistakes, while they are still at home so that they will have some concept of money management BEFORE they go off on their own. We don't use allowances to teach them how to EARN money. That's a different lesson. They're related, but not the same.
at 7:48 PM on Jun. 7, 2010