How much allowance you give to your kids?

@amadeo (65995)
United States
September 22, 2016 9:37am CST
When as an young person growing up. Did you get an allowance doing any chores? Or do you just give them an allowance. For me my children had to do some chores and depending on the age of the child.The older one,washing dishes,Some took the trash out. Very little chores The reason for this to teach your kids The allowance is to teach my kids money management skills I am not sure that that teach this at school. Money management should be learned at home. I had three kids.I opened up a saving account for them. I contribute a few dollars to get this going. When the allowance is given.Each child should bank their money. Whatever they want.So much out of each allowance should be deposit. At that time the interest rate were much higher than today. they started out well.They feel important going to the bank. It was up to them how much they want to deposit. They loved it.They felt important.This is what I wanted to do with them. Some responsible for them. I could go on and on.Not Did you give your kids allowance when they were growing up? How did you handled it. The photo is public domaine
11 people like this
12 responses
@LadyDuck (157737)
• Switzerland
22 Sep 16
I have no children, when I was young my father gave me a weekly allowance, if I helped my mom around the house. At those time in Italy children could not have a Bank account, you had to reach maturity (21 years in those times) to be able to sign the paper and open an account.
3 people like this
@amadeo (65995)
• United States
22 Sep 16
The parents open the bank account with stipulation of the child name on there. Parents has to be with them when making a deposit.For them to get a feel of this. Yes,they could not touch this till the age of 18.
3 people like this
@amadeo (65995)
• United States
22 Sep 16
@LadyDuck wow!the same law there todayI left the comment above.But forgot to add your avatar.me bad.lol
3 people like this
@vandana7 (65012)
• India
22 Sep 16
I will help my friends learn spellings and math and earn on that...
2 people like this
@amadeo (65995)
• United States
22 Sep 16
@vandana so you were tutoring. How nice.that must has been a big help there for them.Good for you
2 people like this
@vandana7 (65012)
• India
22 Sep 16
@amadeo ... They are my neighbors kids...I only play with them..the little boy is about four and a half, and the little girl about two and a half...both play tennis with my heart moving around like the tennis ball. In other words, I love them rotten.
1 person likes this
@Loverabbit (1306)
• Zamboanga City, Philippines
22 Sep 16
I give (5x10?/153x4²+8)²/953/264x351/0
1 person likes this
@amadeo (65995)
• United States
22 Sep 16
@loverabbit well okay.Whatever there.How much is this in our language
1 person likes this
• Zamboanga City, Philippines
22 Sep 16
@amadeo lol dude. i Ain't got no son, what do I look that old its zero swy I made a Math joke but now I know it was a bad one
1 person likes this
@Tampa_girl7 (25715)
• United States
23 Sep 16
My parents didn't do an allowance.
1 person likes this
@amadeo (65995)
• United States
28 Sep 16
@Hate2Iron (7858)
• Canada
22 Sep 16
Oh lol... we worked for our allowance that's for sure. My parents owned a small business and on the weekends, we were expected to help out. I can't remember how much we were given, but I think that it covered all of my little wishes! And yes, our kids had to work for their allowance too!
1 person likes this
@amadeo (65995)
• United States
22 Sep 16
@Hate2Iron I aww.Nixw
1 person likes this
@teamfreak16 (41181)
• Colorado Springs, Colorado
22 Sep 16
I got an allowance when I was a kid. Since I've never had kids myself, I've saved myself a fortune in allowance.
1 person likes this
@amadeo (65995)
• United States
22 Sep 16
@teamfreak16 I guess you did.
2 people like this
@marlina (73884)
• Canada
22 Sep 16
When we were growing up, our parents did not give us an allowance and we still had to do our chores. Lots of snow shovelling, dishes, cleaning a bit.
1 person likes this
@amadeo (65995)
• United States
22 Sep 16
@marlna I see.The reason for the allowance is learning money management.
1 person likes this
@ilocosboy (34325)
• Philippines
22 Sep 16
It really depends what their age and where school.
1 person likes this
@amadeo (65995)
• United States
22 Sep 16
@ilocosboy yes,I see.
1 person likes this
@LoriAMoore (4796)
• United States
22 Sep 16
We didn't get allowances as kids but had many expected chores. I don't have kids.
1 person likes this
@amadeo (65995)
• United States
22 Sep 16
1 person likes this
@jstory07 (67171)
• Roseburg, Oregon
28 Sep 16
On my two days off each week if my kids wanted to earn some money I would give them a list of things they could do and how much each job would pay. They loved earning money so I had no problems getting the jobs done.
@amadeo (65995)
• United States
28 Sep 16
@jstory07 that is very wise there.Did they saved any of the allowance?
1 person likes this
@jstory07 (67171)
• Roseburg, Oregon
28 Sep 16
@amadeo They all bought their first car with the money that they saved. I could not afford cars for six children. The youngest three even had part time jobs in high school and bought their own cell phones and paid for it themselves. I was not paying for a cell phone.
@rina110383 (24134)
23 Sep 16
No kids. When I was young, I had the same allowance with my siblings. We help with the chores. It increased as we grew older. If we get awards, we were given additional monetary incentives which are directly deposited to our bank accounts.
@amadeo (65995)
• United States
28 Sep 16
@rina110383 good for you.A very smart person
@SHOHANA (7182)
• Bangladesh
23 Aug
I'm not yet a parent so I don't have exact idea about it