This week we are talking about allowance. Check out what our reader said.....
"I have a 4 1/2 year old and I am wondering about allowance. I got an allowance growing up, but it wasn't a lot and I don't know how old I was when my parents started it. My daughter has never asked, but she also never has money. Her friends (who are sisters) purchased a new movie with their allowance. I love that they could choose to use their own money for a purchase like this. I like the idea of giving her something to save for a fun prize for herself or a present for someone else. Right now, she has no concept of the value of money other than quarters are better than dimes, which are better than nickels, and those are better than quarters. She doesn't know how much $5 really represents. I'd love for her to have a better understanding of saving, spending, and paying tithing at church.
Does anyone have a system that works for them for the allowance of young children?
When is a good age to begin?
How do you set it up and how much do you give?
What are the requirements for obtaining allowance?"
Help her out and answer her specific questions about allowance! And thank you all for reading.