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Elementary School-Aged Kids
Reply to "Allowance and money for 6yo"
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[quote=Anonymous]In our family allowance is to learn about money. Chores are totally separate. We start allowance in kindergarten at a penny a week. Then it goes up to a nickel a week after they understand five pennies equal a nickel. Then a dime a week to teach two nickels equal a dime, etc. Allowance stops before they hit minimum wage, and by that time they are old enough to get a job. If we have an unusual chore or a big project, we might offer it for sale to the kids. But they can't count on that. Everyone does chores as part of the family. [/quote]
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