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Do you make your child save some of the money they recieve?

If you give them an allowance do you have them put a portion aside as savings or are they free to spend it as they like?


Asked by kmath at 12:53 AM on Jan. 22, 2011 in Parenting Debate

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This question is closed.
Answers (17)
  • Mine are too young for this but I like your idea OP about saving some and spending some.  In my opinion it teaches how to reward oneself but to also plan ahead. 


    Answer by MrsHouston47302 at 1:44 AM on Jan. 22, 2011

  • i dont give an allowance, but my kids usually get what they want or need, so they dont need an allowance i dont think. any money they get from relatives or for gifts though, i let them do what they want with it.

    Answer by hellokitty1978 at 12:55 AM on Jan. 22, 2011

  • I don't make her, she wants to on her own. Pretty good for nine yrs old!

    Answer by Noosa at 12:56 AM on Jan. 22, 2011

  • My son is only 2 but I would not "make" him save anything. I would speak to him about the importance of saving money however!......and I would not give him any money unless it was earned either.

    Answer by truthteller0722 at 12:57 AM on Jan. 22, 2011

  • My DS is only 3 but money he does get for bdays/christmas, and per caps I put away for him. When he gets older I'll teach him about saving and of course he'll keep part of his money and save the rest.

    Answer by myree85 at 1:06 AM on Jan. 22, 2011

  • When my son turned 15 he got a part time job. He was soo excited about getting a paycheck and he wanted to open a cking acct. I had to go on his acct. with him until he was 18. I told him if he were going to open a cking acct. the bank required him to put 25.00 a month in savings. So for 5 yrs he's saved 1500.00! Yes ladies I told my son a white lie and glad I did, he just recently upped it to 50.00 a month and he actually thanked me for doing it, lol

    Answer by Kathy675 at 1:07 AM on Jan. 22, 2011

  • My daughter usually wants to spend it quickly and my son can hold off and even forget that he has anything to spend. I tell them when they receive cash or gift cards that they don't have to spend it. I just found 2 gift cards in my bag belonging to my son from his birthday a few months back! He gave one of them to his sister. He's 11 and she is 9. She spent it the very next day! lol

    Answer by SnapIt at 1:09 AM on Jan. 22, 2011

  • my boys are only 16 months now but lol, when i do start giving them allowance i'm definitely teaching them to save because i want them to beable to understand the importance and when they start getting a lot money when they get a job i want them to know how to save.
    unsure as to how i will go about it. if i will teach them to save by allowing them to wwant something, and having them save, or by just making them save... (if that makes sense)

    Answer by ElsaSalsaaa at 1:23 AM on Jan. 22, 2011

  • I do give my son an allowance, only because he hopes in and trys to help. However I do let him buy whatever he wants. But at the end of every week. If he hands me some money back il double it. That's just something i thought i'd do to help about his life. As because when he wants to buy a car or something when he's older it's there in a trustfund. He's only 9 but he's pretty good when it comes to this types of things.

    Answer by Elle2778 at 4:31 AM on Jan. 22, 2011

  • make? no...encourage? the end its their decision and what I do teach them is to live with the decisions they make.

    Answer by Zoeyis at 7:44 AM on Jan. 22, 2011