What's your stance on allowances?

What age did you start / plan on starting? How much to begin with? Is it tied to chores?

    3 answers

    • S
      sarahs
      2402Top answer

      Right now we don’t have an allowance per say, we have certain things the kids need to do everyday that’s just part of being the family team, and there are additional things they can do to earn money. It gives them the chance to be self starters and choose how hard they want to work, and earning that money helps them learn to mange their wants and savings goals. We do match anything they put in their account to save.

      • rachel—We are similar! I really like the combo, because it teaches them that there are certain things you just need to do in order to make our family work (e.g. put away your laundry) but also gives them control to earn money. Hopefully someday we get out of the phase where ALL money is spend on stuffies…
    • Emalemaline
      80

      My husband is very happy to give our kids minecoins as long as they are cleaning their room and doing their homework and helping me with cleaning when I ask. We started this within the last year my participating children are 8 and 5.

      • C
        courtcarp
        310

        Our kids have 3 chores they need to have done before doing any special activities: Bedroom, Make Bed and part of the bathroom. After those chores are done, I will give them the option to earn some money by doing extra chores that I might have otherwise done myself. Based on how quickly and how well those get done, they can earn up to a dollar per chore. My oldests are 7, so they usually earn an average of 1.50 on days that they decide to do more than their required work. 😂 They only have so much steam, but they are still excited over pennies.

        Welcome!

        BTFL is a community for parents to share trusted recommendations and advice. We’re happy you’re here! Our community is just getting started, so please send us your feedback.

        Latest updates

        • We now send you a notification when people upvote your answers or love your comments! Tap the bell at the top of your screen to see your recent notifications.

        • We’ve added a reputation score to give you credit for all your helpful answers and questions.

          Every time someone upvotes your answer or bookmarks your question, your reputation goes up by 10 points!

        • You can now upvote the answers you find the most helpful, and comment on questions to ask for more information or clarification.

        • Tap the bookmark icon next to a question to save your favorite discussions to read later. You can see your saved posts by tapping the bookmark at the top of the page.

          We’ll notify you if someone answers a question you’ve bookmarked.

        • To make it easier to see new questions, we’ve split the home page into two sections: new questions and popular discussions. Let us know what you think!

        • Notifications have landed! We’ll let you know whenever someone replies, comments, or mentions you.

        • You can now add questions of your own, and we’ve retired the Question of the Day. Search for your topic and then tap Ask the community.

        • We’ve redesigned our home page to make it easier to find recent discussions. Look for your favorite Question of the Day in the new list!

        • We’ve added your most requested feature: now you can tap the pencil icon next to past responses and comments to edit them.

        • You can now search past discussions! Just tap Search at the top of the page and start typing.