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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]We let our kids do whatever they want with their money. I don't think they'll really get anything out of us telling them how to allocate it. I have one child who puts every penny in the bank- he wants to be a billionaire one day!- and the other who spends it all on Legos. I try not to even comment on what a good choice Child #1 is making because I think it's lesson they each have to learn on their own. I agree with the point that if you give a child $10 but tell them they can only spend $3, they'll start seeing it as they're only getting $3. I think dictating how allowance is allocated defeats the point of giving an allowance. [/quote]
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