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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]I pay them specific rates for specific sets of chores. Chores tend to increase in complexity and quantity by age in order to justify 'better' allowance. I pay them say $10.00 a week. I encourage them to donate $1.00 to a 'charity' pot in the house but this is completely up to them. This money is then donated as they choose after it accumulates. I also take $3.00 per week from them and put into the 'community benefit' pot. I tell them that taxes will be a part of life until they die so better get use to it.[/quote]
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