Comments on: So You’re Thinking of Giving Your Kid an Allowance?

By: Pardon My Poppet

Pardon My Poppet — Fri, 20 Jul 2012 14:33:49 +0000

Great idea! I think we’ll implement the tracking too!

By: kobi klaf

kobi klaf — Fri, 20 Jul 2012 05:15:06 +0000

I love this post! and i agree with many aspects of what you wrote. we also have an internal family discussion about the allowance to our 3 children. though they vary in the age, we decided to give them the same amount but not as much as you. we give very little and it changes from one country to another. for example, in Cambodia, we decided to give only $1 a week. they are happy with it. but the important part of it that we make them run a journal about what money comes in and our of their pockets. this way, we teach them to log the money and manage it correctly. we teach them about smart purchases, saving, donating part of it, etc. this can be a great tool, like said in the post, to teach our kids so many things… cheers for that.
kobi with the TheNomadicFamily.com

By: Kenya G. Johnson

Kenya G. Johnson — Wed, 18 Jul 2012 21:13:24 +0000

Great lessons Poppet’s momma. I want to figure out something for the school year for my son to pay for his own popcorn Friday’s and stuff like that or save the money. He will ask for the 50cent and then on Sunday night I see the popcorn is still in his bag. I did stop giving him money for that, but it would have been better to have him learn that money wasting lesson on his on.

By: Kathy Radigan

Kathy Radigan — Wed, 18 Jul 2012 14:15:30 +0000

I love that you have started this with her already! What a great idea. We have started giving our 13 a set amount each week for things like school lunch or breakfast, or his beloved Starbucks. If he wants to buy lunch, or donate to a school event or get a coffee he has to make sure he has it in his budget. We saw a huge difference this year it the way he thought about money. He even has offered, and we have allowed him to, pay for us or his grandfather when they go to dinner. I wish I started this sooner! Kudos to you!

By: Alicia H

Alicia H — Wed, 18 Jul 2012 03:13:04 +0000

very good points I like the dollar a year per month thing very smart idea.

By: Pardon My Poppet

Pardon My Poppet — Wed, 18 Jul 2012 02:38:39 +0000

Great idea tithing time!

By: Leigh @oneandoneequalstwinfun.com

Leigh @oneandoneequalstwinfun.com — Wed, 18 Jul 2012 01:08:14 +0000

Great post. This gave me something to think about for our boys. I love that even at a young age she will learn about saving, the value of a dollar, tithing and sharing. Great parenting!

By: Pamela R

Pamela R — Tue, 17 Jul 2012 23:15:07 +0000

sadly we didn’t start an allowance with our kids…they do earn cash for good grades on report cards and when they go above and beyond in helping around the house or at Nana’s and Papa’s they get cash. We’ve taught them to tith on any monies they recive and have learned how to tith their time also…church activies or charity work. Some lessons are better to teach when they are young so as they get older it just becomes second nature not a chore!

By: Pardon My Poppet

Pardon My Poppet — Tue, 17 Jul 2012 22:15:18 +0000

Love the sticker idea! Will definitely have to do that one!

By: Carla BarilÃ¡ Karam

Carla BarilÃ¡ Karam — Tue, 17 Jul 2012 21:29:13 +0000

Elizabeth… Great post. We, actually my mother-in-law started giving our 5 1/2 y/o $1 everyday that she helps her at her home.. be it dusting, vacuuming and/or getting the mail. As part of her receiving this I am also teaching her about tithing. Although she doesn’t get $10 in a week, she is giving $1 of tithing each week… everything else goes in her piggy bank. We also give her a sticker each day for good behavior, and when she reached 14 she earns $5 to go shopping. This is teaching her patience (she has none! lol)… thank you again for sharing such a great post with me.