and do you have a roster chart or is it a set amount. How much is enough for 11 year old girl?
2006-10-16 16:12:00 · 18 answers · asked by blahblahblah 5 in Society & Culture ➔ Etiquette
I was having problems with my kids asking/begging/whining for money whenever we would go out shopping. They would ask for things that were inexpensive but after you have bought 10 inexpensive items it adds up. So I started the allowance plan below:
My kids get $5 per week payable at the end of the month in the form of a $20 bill. They think this is great and are learing to spend their money wisely.
I no longer buy any impulse items for them. I tell them to bring their money when we head out the door.
It has been really interesting to see their "wants" change. Now they really think about what they want, are able to save up a few months allownace for what they want, or sometimes they just plain decide that they don't need soemthing as much as they thought. My kids have each also started a savings account. They have about $325 saved between the two of them.
It works!
P.S. If chores are not done - no allowance.
2006-10-17 04:08:38 · answer #1 · answered by Lodiju 3 · 0⤊ 0⤋
I'm 17 and live away from home at a boarding school for gifted students, and I get $20 a week and it's more than enough, but I see people all the time who don't get any and their miserable. You're 11 year old probably needs about half of that, but if you don't give her any people will take pity on her and think that you're poor, because her friends will either exclude her from some activites or pay for her. But keep in mind that it also means that you're not responsible to buy her a pop every time she wants one, b/c she has her own money. She'll learn how to manage money on her own as long as you don't bail her out every time she runs out, but remember the older she gets the more she'll need, because she'll start going to more expensive things like the movies.
2006-10-17 06:47:10 · answer #2 · answered by MHSclarinethottie 2 · 0⤊ 0⤋
Hey your kids should be taught about finances at an early age. However some chores need to be done because it's part of the family. Part of their stuff you want them to do should be paid a commission. Have you ever read Financial Peace for Juniors by Dave Ramsey? He teaches that all kids money should be divided into three groups (save, give and blow basically). If you teach them early, they will save themselves a lot of financial headaches in the future. Good Luck!
2006-10-17 03:38:03 · answer #3 · answered by MJ 4 · 0⤊ 0⤋
I made a deal with my child at the start of year one that he could have pocket money instead of lunch money (take lunch from home not starve). I gave him about the equivalent of the lunch money. Then he could put things he wanted on layby and pay them off. He really liked it and learnt how to handle money very well and I liked that he wasn't spending money on junk food and it was actually a little cheaper for me. I paid weekly - a set amount.
2006-10-17 15:13:36 · answer #4 · answered by auntynoall 4 · 0⤊ 0⤋
5-10 dollars a week. But a better number would be to figure out how many years you are going to supply her with an allowance. As kids get older they will ask for more money for more expenses. If you dont plan on giving too much in the future, dont start out too high.
2006-10-17 05:33:36 · answer #5 · answered by AGNY 3 · 0⤊ 0⤋
My daughter gets $15 a week. When she gets home from school, she does her homework. Then she takes the trash to the big can, then she checks dishwasher, if dishes are clean, she unloads it, then she checks clean laundry basket, if it has clothes, she folds them. Then TV, phone, friends, etc. Chores take a maximum of 30 min per day, during the week (usually average is 15 min a day). Most of the time she saves this allowance, as I pretty much buy her clothes, a CD now and then, special presents for birthdays and Christmas, so yes she needs money, but we encourage her to save.
2006-10-16 18:18:41 · answer #6 · answered by progest 2 · 0⤊ 0⤋
We never got pocket money however what we did get when we were kids we would get whatever we wanted within a set amount usually 5 bucks and that is if we got our chores done. But that was when parenting really meant to parent your kids not just to be there and "babysit" them which to me is what "parents" do today. Not saying that you dont parent yours but Ive seen enough parents who dont care. So that comment was in no way intened to you just a general concencis that I've seen. But I would say weekly and only if they finish chores.
2006-10-16 16:26:02 · answer #7 · answered by Anonymous · 0⤊ 0⤋
When we have a little extra money to give. Maybe $20 every once in a while. We do not tie it to chores, because we believe that everyone in a family needs to help out - for the general good of the family.
2006-10-17 01:04:32 · answer #8 · answered by Lydia 7 · 1⤊ 0⤋
Give them weekly pocket money. Go and find out the prices in her school canteen. Work it out how much she needs for canteen break and multiply it by 5 days.
2006-10-17 04:58:34 · answer #9 · answered by Anonymous · 0⤊ 0⤋
If you give it to them monthly they'll still blow it within a few days and then whine all month about not having any $$.
Then again, it might teach them how to manage money better after they go thru a couple months like that...
2006-10-16 16:39:40 · answer #10 · answered by Reject187 4 · 0⤊ 0⤋