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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]I think what you have been doing is fine - it's the same as we do. I think, when you give the kids an allowance, you have to back off on their decisions for spending it because that's how they learn. They learn that they can save for something really good. My sister did the same thing with her 4 kids - 2 of which are over 17 now. At first, they spent it all on silly stuff. But then they saved up for big items (computer/ipad-type things). I would definitely not make the kids buy birthday gifts for their friends. But I think you're spending too much on birthday gifts. I think it should be closer to $15-20.[/quote]
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