i was wondering about my son?

Question

my son is six and i was wondering is it okay to give a allowence if so how much.

Answer 1

It's perfectly fine to give him an allowance if he's doing chores or doing exceptionally well in school. At that age though, you can't just give him an allowance just for being a kid. You have to teach him that he has to earn it. We've been giving our daughter an allowance since that age. She had to earn it each time. We gave it to her, and still do, once a month based on what she does. She has the choice of money in the bank or buying some toy or game or movie that she really wants. There's nothing wrong with encouraging kids to earn something extra. However, if you do start giving him an allowance, don't buy him things he wants in between. His allowance will be his chance to get that stuff.

Good luck!!

Answer 2

If your son is starting to ask you for things when you go out, then you need to start making the link between his doing chores around the house and being able to get the stuff he wants. Total carrot and stick. You don't have to give him an allowance per se until he is old enough to understand the whole "money" thing.
My son is 9 he is supposed to get $5 a week but he is lazy as the day is long so he gets nothing.

Answer 3

Its a great idea it will teach him responsibility and give him a sense of money. Give him chores and if he does not keep to them then do not give him his allowance. My children get allowances but they have to do chores everynight. They do not have to be anything too difficult but it will teach him that he needs to work to get things in life and he will learn that things are not free. I would say maybe three dollars is a good amount for a six year old. That is what my children get and they are 7, 8, 10. They are happy with it and when they get enough money to buy something that they have saved for they are so proud of themselves. I would say go for it but remember if he does not do the chores do not reward him for it.

Answer 4

At 6 they don't have many things to spend the money for,except toys and chocolate.Maybe your son's schoolmates are given money and he asks about that?hen you can give him 5-6 dollars a week.Or you should do it if the situation expects it.Like my children - all of them except these who don't go to school receive money.Jennifer(15) has 5 dollars a day to spend and another 5 to buy breakfast and lunch(while she is at school).Robert(12) is the same case,for food he receives 5 dollars and another 4 to spend.Kateline(10) also has 4 to spend and 5 to eat.John(7) is younger so I give him 2 dollars to spend and 3(they are enough) to eat.The other kids - Emma(5) and the twins,age 2 do not have allowance except they go to a trip with other people or something like that.Of course Ben and Sandy(age 2) do not need money but Emma has her own willings and wans to buy a lot of thing.

Answer 5

my daughter is six and i don't give her allowance, not even if she does her chores the right way. I believe that if i give her allowance she would spend it on crazy things and still expect me to buy her toys or games or what ever she wants. What i do is tell her that when i going shopping she is allowed to pick out something she really want that i can afford and she doesn't have a problem with that.

Answer 6

Mine is Four and I do,, he has a few easy tasks to do and what I do is give him the money in one dollar bills and when he has so much saved up we take half to the bank and he puts it in his savings and the other half he can go buy whatever he wants, this worked really well in teaching him about money and what he can and cant "afford" I will take all his "one dollar bills" and when he picks something I will say OK it will take this many one dollar bills to buy this so now you only have 2 dollars left --so if he picks something else over two I will say nope not enough dollars left and he will either pick something else or save it till next time when he does have enough. ( the dollar store is great for this) If you show a kid this age a ten dollar bill or 10 one dollar bills they seem to think the dollar bills are more money so its great in taking away dollars and adding dollars for the item they want. This has also cut down on the "I want syndrome" at the stores, its more fun for them to wait until they have their money saved and buy the item themselves. I give him 4-7 dollars a week, just depends on my money situation.

Answer 7

An allowence is a great way to teach about responsibility and reward, and also about money.

I would start at a dollar. Make sure that he understands that he won't get the dollar if he doesn't complete what ever task is at hand. Also make sure you aren't paying him to do things that are EXPECTED of him (i.e. homework) but things like making his bed, cleaning his room, helping you dust, matching socks!

Also give him a place to put his money. You can set up a savings account at a bank or give him a lock box or piggy bank. Explain about spending AND saving.

Answer 8

Some people give $1 a week for every year of their age so when he is 6 give him $6. Don't just hand money over without him doing chores around the house though. Make him earn it.

Answer 9

Sorry but some on here are cheap. My son gets $10 a week, sometimes more if he helps and does things without being asked. He also gets $20 for every tooth he looses. He is 10 and this has been going on for years.

Answer 10

I'm not particularly a big fan of allowances. I think children need to learn (when they're old enough) that doing some basic little tasks (picking up their toys, putting their dirty clothes in the laundry, maybe filling the pet's water dish or bringing a trash bag out) are part of being in a family.

I think if parents have a basic, certain budget for things like eating out, movies, or buying toys or other items for the children over the course of a month they can talk to the children about which trips out will involve spending and why, maybe, today there will be no eating out since maybe next week there's a trip to the movies planned. If children get money for their birthdays or from Grandma they can choose to buy something or save it until they have a little more to buy something bigger.

It seems to me that an allowance implies parents should hand over a certain amount every week or implies that children should be paid for being good or for doing certain tasks. Neither is really how things should be. (I'm not saying a parent can't take a few dollars out of the budget and give it to the child if the child needs something or even if the parent just feels like it. I don't think, though, that part of learning how things are in life is to be handed a certain amount of pay just because you're a kid.)

The reality is that people over a certain age can do things like rake lawns or babysit or deliver newspapers. People older than that can work part-time and eventually full-time. A kid of eleven or twelve can often find some little job to do (like raking lawns) for a little money; but before they're old enough to do that I think the reality is that they're too young to work, and its their parents job to provide the stuff they need. No, they're not independent when it comes to money, but they're - like - ten and younger.

Parents can talk with them about spending habits and saving. They can talk about how money is earned when people are old enough to earn it. They can even show the child that once in a while its kind of fun to just splurge on something. Young children can watch and listen to their parents, look forward to finding a little job when they're old enough, and eventually get their own part-time work. Its at this stage that they're really old enough to get a good feel for how long it takes to earn a few dollars and how long it takes to save up for, say, an Ipod.

The part-time job for the person 16 (or a little younger) is good practice for the grown-up years and jobs that are to follow. This is kind of a "pre-finance 101" part of children's lives. Before then, why involve money in the picture (othan than talking about it some and being an example).

Why do a make-believe boss/worker kind of thing with an allowance, why let a child believe he should be paid for doing stuff within the family, and why create the impression that you have to give a certain amount of money every week? I'm not against giving children money when it seems appropriate. I'm just against giving them an allowance for chores or for nothing and maybe even creating some kind of little "business arrangement" between parent and child when that relationship isn't a business one.