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Elementary School-Aged Kids
Reply to "At what age do you give your kid $ for clothes and have them budget/buy clothes for school?"
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[quote=Anonymous]We started budgeting very young. my kids had allowances and were saving for things by age 7 or 8. by about 12 they were contributing to clothing purchases. I would say - I am willing to spend $50 towards a winter jacket. If you want something that costs more than that then you have to pay for it. Sometimes they decide it is worth the money and sometimes they go with the cheaper item because they are saving for something more important to them than the jacket or whatever. Now at 14 we are starting to move into a clothes budget. You have X dollars a month for all your clothes / personal stuff you want to buy - spend it as you wish but when it is gone it is gone. If you want something more expensive you save up or spend your own cash.[/quote]
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