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Tweens and Teens
Reply to "Tried and True allowance strategies "
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[quote=Anonymous]I'll be doing what my parents did once my daughter turns 13. Estimate the cost of certain expenses for the year (lunch, haircuts, clothing, entertainment, etc.) and the total amount was then divided into a weekly allowance and I had to create a budget plan (with some help) and live with the consequences and benefits of my choices. Standard chores were done because that is expected of family members. However, I was paid for doing certain seasonal chores (shoveling snow cutting lawn, cleaning garage, etc.). Saving was encouraged by the very generous interest rate at the Bank of Dad. [/quote]
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