Should parents give children allowance? If yes, what amount?

Answer 1

I think that allowances are a good teaching tool. They teach kids to be responsible with money, to save for things that they want and appreciate all that they have.
I don't believe in tying money to chores. Chores are the duties of every person in a household, so no money there. He doesn't do a chore so that he can collect cash, he does them because it's expected of him.
I give my 8 yr. old $3 per week. That is more than enough in my opinion, since everything is provided for him. We are teaching him that he is welcome to spend it as he sees fit, but that we are not going to front him money to buy extras (toys, candy, etc.) if he cannot be a responsible saver. It's working great.

Answer 2

I think that children should be able to earn money, but it shouldn't just be given to them.

There should be set amounts for one to earn for different chores, this will ease the parents load while teaching the children some sort of lessons for the future. Different chores can be dusting, cleaning windows, taking out the trash, dishes and many more. Each with thier own set values.

I would also open a bank account for each so they have thier own money and can see it accumulate. This way they don't have cash and buy little things at the stores and you can moderate what they do spend thier money on. Maybe once a month let them buy something or try to promote them to save it for a car or college.

Answer 3

Absolutely! The amount should be based on age. Giving them an allowance and making sure they understand that they can spend it is an important part of growing up. It will pay off when they are teenagers. As far as amount, probably $2 per week if less then 10, $10 per week between 10 and 13, $20 per week between 13 and 16. Encourage them to get a job if older then 16. Just my humble opinion.

Answer 4

I did not give my son an allowance and I regret that. He cannot save unless there is a specific reason. I should have gone with him and opened up a savings account making it a big issue, showed him the consequenses, by letting him buy a larger item, just basically showing him the value of a dollar. I am giving him advice now but it would have been so much more beneficial to him at a young age.

Answer 5

Allowance is good if it is given in moderation. A good rule of thumb to use is to give the child the number of dollars that is equal to their age. Thus, a 5 year old gets 5 dollars a week, a 6 year old get six dollars, etc. It's okay to make them earn this money. It helps kids to learn how to earn money and how to save for things. Giving large allowances gives kids a sense of entitlement and isn't a good idea.

Answer 6

I don't think parents should give children alowance. When they help you, you are teaching them responsibilities and how to do things and take care of themselves in the future. They don't get paid for being taught at school and shouldn't at home either. Unless, you give them a hard or big job to do, them pay them. This teaches them to earn there money. I wouldn't give more than 5 dollars a week if you do decided to give allowance though.

Answer 7

The way I see it is it's a family and everyone should help out. I see offering an allowance as a bribe. Especially for things that they should be doing anyways. Maybe if they go above and beyond helping, or babysat a younger child, that would deserve an allowance. We clean the house as a family and we go out and do fun things as a family. It's a family and everyone should work together.

Answer 8

If you can afford it, then give your kids an allowance. You might want to make the allowance conditional on the completion of chores (making the bed, etc.) or good behavior (if behavior is a big problem.) You don't have to make it conditional on chores and/or behavior, but if either of these are a problem than it can really help improve the child's behavior.

Answer 9

yea if they clean to your expectations i think you should. And it depends on how much they clean to know the amout, i would think about $10 dollars a week maybe $15..$20 would be nice

Answer 10

yes if they do anything to earn it........ I give more then most parents but my son earns it....... He gets 50 a week. My 6 year old gets 10.00 ( the other 40.00 i put in her bank account)

My son usually saves most of his... he is saving for when he starts driving.