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27 answers

no

2007-02-22 18:29:20 · answer #1 · answered by sarah 2 · 0 0

I believe it does. I used to get $7 a week when I was younger. My parents didn't buy me anything though. I had to figure out how to make $7 last through the whole 7 days. I learned how to manage and budget my money. If I wanted a CD I knew that it would probably take 2 weeks or so to earn enough money to buy it. I'd usually do a few extra chores around the house to get an extra 50 cents or so every once and a while to earn it faster. But it definitely taught me responsibility. Once my parents realized this they eventually bumped me up to $14. And soon enough $20.

However, I don't believe your children should have to do a ton of chores around the house for it. It's your house not theirs, don't make them do stuff they're not even involved in. (They're children, not 18 year olds desperately in need for gas money) If you want them to sweep out the garage make it an extra chore they can get paid for. They don't park their cars in there to make it dirty, you do. I got allowance by keeping my room clean, making my bed in the morning, making sure the toilet paper was on the holder (haha) and just a bunch of other things that -I- had to be responsible for because -I- was the reason they were there and needed to be taken care of.

I hope I helped! :)

2007-02-23 02:57:09 · answer #2 · answered by Laura787 3 · 0 0

Giving chores and knowing what is expected of you teaches responsibility. An allowance should teach the value of a dollar.

2007-02-23 04:36:15 · answer #3 · answered by a_non_ah_mus 5 · 0 0

I believe it does. I started giving my 2 children allowance. They are 5 and 6. They know what their chores are for the week. We have a system with stickers and if they earn enough stickers, they get an allowance. The money they get goes into their piggy banks. This money is for extra things like my son can get a treat at school one a week, aside from his lunch. My daughter wants to save hers to get a special toy she sees when we go to the store. They also save it to use if we go somewhere and they want to play an extra game at chuck e cheese.
I think it teaches resposibility and that if they want something extra they earn it. The first time my daughter bought her own doll (it was for a dollar store) she was very proud she used her own money and earned it. She even told the cashier.
It also teaches them that money does not grow on trees and that things they want cost money. It also helped my son in school with his math.
I also think that if they do not do their chores, they do not get allowance. It shows them they that they do not get money for nothing. When you get a job, you earn a paycheck by going to work and doing something to make money.
I think allowance shows responsiblity in many ways--the fact they have to earn it, what they use it for, they value of money, and not to lose it.

2007-02-23 10:53:33 · answer #4 · answered by mom of 2 3 · 0 0

if they are doing things for it, yes. giving kids allowances helps teach them money management. for example if they are getting 5 dollars a week and they want something that is 50 dollars, then they know they have to be wise with their money. this is a good life lesson that should be learned at a young age that way when they grow up and get out there on their own, they know how to use their money wisely so they can make it. hope this helps. good luck.

2007-02-23 12:56:38 · answer #5 · answered by Anonymous · 0 0

Hmm.. I never got an allowance but had plenty of chores

My parents called it being part of a family and it made me feel like it was my responsibility to help out. I never needed anything in return, when I needed money I asked for it.

2007-02-23 08:25:37 · answer #6 · answered by Maroo 3 · 0 0

Absolutely, but only if you let it. My parents give me an allowance, and then they also give me money any time I want to go anywhere or do anything. Being a teenager, I willfully extort them to the best of my ability. Just don't let that happen, because, speaking from experience, it will hurt in the long run.

2007-02-23 16:56:24 · answer #7 · answered by Alex 2 · 0 0

yes

paying them to do work too teaches it even more though

when I was 4 I used to get like 3 cents allowance I think and was paid like 50 cents an hour or so

at 16 it was $1 and paid like $5 an hour I think

2007-02-23 02:31:06 · answer #8 · answered by Anonymous · 0 0

Having chores to earn the allowance teaches some responsibilty, although I feel that more of the responsibilty would come from how they manage their money. Saving, choosing things wisely, etc.

2007-02-23 03:52:43 · answer #9 · answered by chasingserenity 1 · 0 0

I think if done properly it can give them an early intro to a healthy work ethic. Kids need to pull their weight in the family home without expecting payment, however if you assign them a couple of extra chores & reward them with a small amount of money then they will start to learn the value of money.

2007-02-23 05:29:51 · answer #10 · answered by Mishell 4 · 0 0

yes it does especially if they do their chores(cleaning up beroom, helping around the house). I opened up 3 bank accounts for my children and i make them split their allowance for their bank account.i let them fill out their own slips and go to the teller themselves. This teaches them how to save. When we go out I explain to them to be wary of what they want to purchase because I am not contributing to their needs. if they go over I carry a little notebook and note it down that they owe me(I have a piggybank with what they payback to me they dont know though). this starts cghildren on the right path to responsiblity and it helps with math also.

2007-02-23 12:23:17 · answer #11 · answered by Support Breast Cancer Research 4 · 0 0

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