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Elementary School-Aged Kids
Reply to "Allowance for a 1st grader?"
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[quote=Anonymous]Right now, a dime a week. To me, right now, the purpose of allowance is to teach about money. So we started with a penny a week. Then a nickel a week. Now we're on a dime. The girls will learn about savings, borrowing, making change, adding and subtracting, etc. It is not tied to chores because chores are what household members do to keep the household running. If you want to live as a member of the household, you will do chores. Having said that, there are sometimes special extra projects that we will pay for. I do not believe in a dollar per age because what four year old needs almost $20 a month? That's a ridiculous amount of money for such a young child. [/quote]
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