Did you get an allowance when you were a kid?

Question

What do you think about giving kids an allowance?

Answer 1

they don't grow up with a sense of deprivation

Answer 2

I never got an allowance, it just never came up. I guess I was the odd chlid though, because according to my parents I couldn't care less about whether or not I got a toy at the store. I think that because of this my parents felt it was ok ve me not to give me an allowance since I didn't have a desire to buy toys for myself. They pretty much gave me everything a kid could need or want, and for that I am grateful.

I guess that if a person wanted to give their kids an allowance it would have to depend on the financial situation and mindset of the parents. Would the allowance be tied to having the kid help out around the house? Either way, I don't really believe in allowances. I think a parent should teach their kid how to be selfless, and not need an allowance. Instead of making the child want more money for themselves, why not teach them the value of spending their time helping people, instead of teaching them to hoard money? And besides, what can a little kid really do with a few bucks anyway?

Answer 3

Nope. Well, that's not true... for about a month we got $0.10 per chore, if done all 7 days that week. We gave up after the 4th week. $0.50 a week when your friends are getting $5.00 is hardly worth the extra labor. lol.

I agree that allowance shouldn't be paid for being part of a family, and I agree that it can really help you teach kids about finances and choices. So in my house we have standard "you're part of the family so just do it" chores, and then extra chores which earn an allowance. Part of the earned money must be saved, and I encourage giving to charity as well.

Answer 4

Yes, I think it is a great idea. We did that with my son, starting around age 8 or so. As I recall, we started him out at about $5/week, and by about age 15 he was up to $20.

Also, we never witheld his allowance as a consequence for misbehavior, but rather we reviewed his "performance" every three months and if he had taken on more responsibilities around the house, and was generally doing a good job, he got a raise. Just like the real world!

Answer 5

I did not get an allowance, but I think it is a great to give your child one. We give ours an allowance for doing chores and other 'jobs' around the house. We use this as a tool to teach them responsibility and how to manage money. They tithe 10%, save 10% and the rest is left for whatever they choose/need to spend it on. I wish my parents had taught me more about money management when I was young. It sure would have helped me stay out of money troubles as an adult!


JOY

Answer 6

yes, till I turned 18. It's necessary to give kids an allowance until they have some form of income (from part time work during school vacation, perhaps).

Answer 7

no. my parent's didn't have the money...I give my 5 year old a quarter for each chore she does. clean her room, empty the dryer, vaccum, dust, etc. She saves up her money and gets to buy a toy when she has enough. I think it's good to reward them for work, but it's easier to pay by the chore so I don't have to make a checklist or keep on her everyday to do it. when she does it, usually about 90% of the time I ask, she gets a quarter

Answer 8

Definately! They need to learn a little bit about money. It doesn't have to be much. My son does have to do chores to get it though. He is only 5 so he gets a $2 a week. (Ride a ride at walmart, get a chocolate milk when I am at the meat market) He is an only child and has his own full bathroom so he has to make sure his bathroom, bedroom, and toyroom are all picked up.

Answer 9

No, I was lucky their was food on the table.

I don't give my kids allowance unless they do up and beyond without asking them to do a job in the house...

For example: One of my kids, emptied the dryer and folded and put away all the towels..I never asked her so I gave her a couple of dollars.

If I have to tell them over and over again....They don't get it...

Answer 10

I didn't get allowance as a kid.I think that kids should get allowance especially for doing chores.

Answer 11

im 13 and i dont get any allowance and i still do chores. its not that bad. But it kinda sux cuz my cuzins r 10 and they get a 12 dollar allowance for cleaning there rooms and thats it i take out the trash,clean myb room clean the kitchen and clean the living room and water the plants and babysit my sister and i dont get paid anything!