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Strollerderby
When Should Kids Start Getting an Allowance?
This is a question that I have yet to have to deal with, and I’m not sure how I feel about it. So I ask you, the reader, to weigh in. (Jeanne put this idea in my head with her post about lump sum allowances.)
I can’t recall when I started receiving a weekly allowance. I think it was around age 10, but it may have been earlier.
At first I received only a small amount, like a quarter. (How much allowance to give is a different question, click here to weigh in on that.) Something else to consider: I’m fairly certain that I was allowed out of the house by myself to spend my newfound cash. I can’t imagine letting my kids do that until they are at least 12. But I think that letting them get used to managing money, even in a very small way, is a good idea.
What do you think?
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2 Comments
[...] other day I asked when you thought kids should start getting an allowance, and pointed out that I don’t remember when mine began. I also don’t remember how much [...]
How Much Allowance Should Kids Get? | Strollerderby commented on Jun 16 09 at 5:00 pmPlumbLucky commented on Jun 16 09 at 9:11 amHmmmm…I want to say I was in first grade, and it was on the order of 50 cents a week if my chores were done. I was allowed to spend as I saw fit. My allowance did increase over the years; by the time I was a teenager, there was some “essentials” money built into it because my parents would pay for their version of the essentials (99 cent White Rain Shampoo and Conditioner) but not mine (10.99 bottle of Paul Mitchell Shampoo or whatever brand I was geeked about at the time). So they’d give me the .99 toward whatever the heck I chose to purchase. Helped teach me about need/want.
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