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Reply to "Seeking savvy input on structuring allowances for kids: first experience did not work! "
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[quote=Anonymous]OP, my DD is 10, and she gets 75 cents per week. I believe a dollar per age is way too much, because I do not believe that a five year old truly understands the value of one dollar (or how many dimes or quarters make up one dollar, let alone five). I pay for everything, basically. Being that we GET charity, I don't worry about her donating money to charity but am not sure how I'd feel if we were rich enough to not receive it. Also, being that I pay for everything, she saves her allowance all the time so differentiating between spending money and savings is useless for us. She wants to be allowed to sign herself out of school with her best friend and stop at a nearby cafe for a snack before heading home, and I am thinking of telling her she'd have to pay for that snack out of allowance. [/quote]
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