Reply to Stealing money from family members- anyone experiencing this?

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[quote=Anonymous]We give each kid $50/week.  They have to save 20% of all money received, so I actually transfer $40 into their accounts and then $10 in their savings accounts.  They can then decide what to do with that money.  It's a good way to teach money management, IMO.

They are required to clean their rooms, unload the dishwasher, take out the trash, and walk & feed the dog as part of being part of our household.  They're also required to help out when asked or when given a job without any lip.

This system has worked very well for us.

I grew up in a house with the 3-5 bucks per job system.  Once I got old enough to understand the correlation between the amount of work done & the amount of money I received, I quit working for my parents and looked elsewhere for better pay.  Why should I mow our lawn for $5 when I could mow my neighbor's lawn for $15?  Why should I wash my mom's car for $4 when I could wash a neighbor's car for $10?  Heck, with my parent's system of low pay, but the time I saved up for what I wanted, there was already some new hot toy/item/clothing out to replace that one.     [/quote]

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