Allowance 10 and 8
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Anonymous
| What do you do? |
Anonymous
| $5/week |
Anonymous
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$1.00 per grade in school per week.
So in your case, the 10 year old would get $5.00/week and the 8 year old will get $3.00/week |
Anonymous
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$2/week. They keep $1, and put $.50 each toward savings and charity.
They also get plenty of other money from birthdays and holidays, so we felt that the allowance was not so necessary from the standpoint of having money to spend on themselves. |
Anonymous
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I have this app on my iPhone, I think it is called Family Zoo, that manages my 10-year-old's allowance. Each week her account is automatically credited $3 for general sending, $3 for savings, and $3 for charity. I think the "savings" account earns interest. When we are out and she wants something, she looks at my phone to see how much money she has. If she decides to buy something, and I agree to it, I just pay for it and then debit her account.
This works a lot better than giving her cash which sometimes we forget and she often doesn't have with her when she is out. No guessing how much money is at home on her dresser or having to remember who owes who what. |
Anonymous
| My 10 year old has been getting 75 cents per week since she was 8. |
Anonymous
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0.
you ALLOW them to live rent free. you ALLOW them to eat free food. you ALLOW them to have free clothes. you ALLOW them to get a free education. you ALLOW them to have free trips/extra-curriculars. 
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Anonymous
| i have been giving them $1 per grade level per week, since 1st grade. Is that too much? Sometimes it seems like too much, given that they don't have "needs" that are unfulfilled. That said, so far they are very good about putting it in the bank. |
Anonymous
And at some point they're out in the world having to PAY rent and BUY food and SHOP for clothes. It helps if they learn to save up for things. At some point, for instance, it can be good to give teens a clothing budget twice a year, to help them figure out how to spend a limited amount of money, rather than just relying on mom's credit card. |
Anonymous
So much for teaching financial literacy. |
Anonymous
they will learn when they earn money through their own labor as teens. I am not against my children getting money, i'm against them getting an 'allowance'. They will learn (and I will teach) them financial literacy when they earn their pocket money from part time jobs/baby sitting/yard work/internship's, etc. |
Anonymous
| I just started giving my 8 yr old $3/week. For that, he has to make his lunch for school, do his laundry (although I fold it), keep his room clean. If he doesn't do the work, he doesn't get paid which is just like real life. He has a list in the kitchen and if I have to remind him, he doesn't get paid. |
Anonymous
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I don't have an 8 or 10 year old but close enough
My 6 year old DS gets $10/week plus 2 for savings and 3 for charity. My 7 year old DS gets 12 plus the 2 for savings and 3 for charity My 11 year old DS gets $15 plus the 5 for savings and 5 for charity. My youngest is 2.5 and gets $2 plus 2 for savings and 3 for charity If they don't do the work they don't get paid. Youngest 3 I remind but the 11 year old I try to let him remember on his own. |
Anonymous
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My daughter is only 2, so she doesn't get allowance yet, but thinking ahead, I have a question for those of you that do a weekly split that includes charity (something I'd like to do eventually).
How do they actually disburse the charity funds. Do they choose? D you add it to yours? Do they pick different ones or always the same place? Basically, I'm just interested to hear how you do it in your house. |
Anonymous
No, actually, you are required by law to do all of those things, save for maybe the trips and extra-curriculars. Those are entitlements, not privileges. |