Reply to Allowance and money for 6yo

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[quote=Anonymous][quote=Anonymous]OP here. Thanks for the perspectives.

The thing is I already don't buy things they request at target (I also don't get out to target and such much with them), and some things I just don't want them owning regardless of cost (certain electronics, certain types of branded things, etc.).

For the OP who gives a penny a week, what is the point, if I may ask? [/quote]

The point is to teach that one penny equals one  and five pennies equal five, and five pennies equal one nickel and ten pennies equal a dime. The point is also to teach patience as they watch how many pennies they have grow. We don't keep allowance at a penny for years - more like three  months or so - long enough to grasp the  concept that ten pennies equal a dime even though it's one instead  of ten and smaller a coin than a penny. To teach them to think about would they rather get one dime per week that equals ten pennies or five pennies each week? The pennies are more, and bigger, but the dime is worth more even though it's smaller. [/quote]

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