Reply to Seeking savvy input on structuring allowances for kids: first experience did not work!

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[quote=Anonymous][quote=Anonymous]Is the allowance tied to anything?

We do 1/3 to each of: spending, saving, and charity.

However, if monthly chores (we have a chart) aren't accomplished, there is NO allowance. We don't pay partial amounts. I consider it like a salary. If I didn't do my job for the month, I don't get paid, so neither does DC.

I don't make DC pay for birthday gifts for other children. But I do make DC pay for items at the store, tax included.

Monetary gifts from family go directly to savings. No questions, no discussion. We give a bonus for vacations if all chores have been up to date prior to that in order to allow for extra spending for crap from gift shops. [/quote]

We do something similar. We don't pay for the kids to do standard weekly chores, that is an obligation for being part of the family -- failure to do chores can result in parental stares of guilt, loss of computer etc.  Allowance is a benefit of being part of the family.  We try not to tie the two together directly, because they have to do the chores whether they get paid or not.  Unusual tasks, annual garage cleaning, raking leaves, shoveling the snow usually results in extra money and we come up with ways to earn extra money before vacations so that they can have some walking around money.  Gifts from family are to be used at their discretion, unless the gift giver adds a proviso that this is for college or savings.  We don't require savings, but we encourage it by paying interes on savings at the parental savings and loan.

Budgets are set for clothes, birthday gifts for other children and, while we have not done this in the past, I think we will set one for charitable giving.

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