My five-year old started getting commission this year. She has to put at least 10% in her share bank, and at least half in her save bank. In just 10 weeks she earned enough (by working extra, and taking a cut in her spending money) that today when we went in to see her grandparents, she took five dollars with her to give to the church's food bank. Her brothers (being older) get more commission and yet the youngest of the two is only a little over halfway to the five dollar mark. (They all started their share jars at the same time.)
Quoting oddfox:I've never heard the term "commission" before in relation to a child. Is it a fee she recieves from doing chores or a non work related allowance or does she sell something and get a cut of the profits?
Dave Ramsey teaches to give commission to children. They get paid for what they do around the house. Some things you do just because you're part of the family, and other things you get paid for. Then, you split your money among 3 envelopes or piggy banks, GIVE, SAVE, SPEND.
Quoting Melissa823:Dave Ramsey teaches to give commission to children. They get paid for what they do around the house. Some things you do just because you're part of the family, and other things you get paid for. Then, you split your money among 3 envelopes or piggy banks, GIVE, SAVE, SPEND.
Some kids feel an allowance is something you get just because you're a part of the family. Commission teaches them that they must work for the money. I use both, because I'm not used to commission yet.
I think allowance has a connoation of being something you get no matter what...Comission based is like only getting paid for the specific chores that are completed. I don't know. 6 and 1 half dozen probably... ;)
Quoting boshs1andonly:
Oh in my house that was an allowance lol that's why I got confused. We got lunch money/spending money and did chores.
Quoting Melissa823:Dave Ramsey teaches to give commission to children. They get paid for what they do around the house. Some things you do just because you're part of the family, and other things you get paid for. Then, you split your money among 3 envelopes or piggy banks, GIVE, SAVE, SPEND.
Quoting Melissa823:I think allowance has a connoation of being something you get no matter what...Comission based is like only getting paid for the specific chores that are completed. I don't know. 6 and 1 half dozen probably... ;)
Quoting boshs1andonly:
Oh in my house that was an allowance lol that's why I got confused. We got lunch money/spending money and did chores.
Quoting Melissa823:Dave Ramsey teaches to give commission to children. They get paid for what they do around the house. Some things you do just because you're part of the family, and other things you get paid for. Then, you split your money among 3 envelopes or piggy banks, GIVE, SAVE, SPEND.
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- AllofFive19
on Mar. 13, 2013 at 11:19 PM