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Tweens and Teens
Reply to "Tried and True allowance strategies "
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[quote=Anonymous]Kids are 6 and 8. They get a dollar for each year of life, so my 8 year old gets $8 weekly. They put their money into a bank that is divided into Spend, Save, and Share. We match 1:1 any money that is put into save. It is used for big purchases and have to be discussed with a parent before purchasing. The Share money is for donation to a charity of their choosing. The kids recently used their Spend money on scholastic book orders. They were so excited to pick a budget and adhere to it. Allowance is not tied to chores. Like previous PP, we all work together as a family to get things done. [/quote]
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