How much allowance you give to your kids?
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
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.
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.
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!
• 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.