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Elementary School-Aged Kids
Reply to "Breakout for allowance- 30% college, 40% spend, 20% charity, 10% future.. ?"
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[quote=Anonymous]How much are you giving them? We didn't give our kids much at that age so divvying up $1 here and $.50 there would have made it pretty difficult. We tried to do the charity thing but eventually gave up on that. Both kids do a lot of service, and have independently donated to various causes so they seem to have gotten the message. Honestly we let them do what they wanted with their allowances. That seemed to be a better life lesson. If they used it all up on something then they wouldn't have it when they wanted the next thing. If they went out to lunch every day instead of having school lunch, then they might not have money for the movies. They've both ended up being quite responsible with money.[/quote]
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