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Elementary School-Aged Kids
Reply to "Allowance - how much and for what?"
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[quote=Anonymous]my 11 year old gets $5/week. Chores include setting and clearing dinner table, making bed every day, folding and putting clothes away. She has a bank that has three slots for save, donate and spend. Admittedly, we are not good at enforcing the chores part. We took her to the bank to open her first bank account too. For every $25 she saves to put in bank account we add $5.00. We also talk a lot as a family about where we want to donate money, how spending and donating reflects our values etc. My husband loves investing so we helped her buy $100 of mattel stock (american girl dolls!). [/quote]
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