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Elementary School-Aged Kids
Reply to "What chores do your 5 and 7 yr old do?? allowance question?"
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[quote=Anonymous]I'm curious what the younger kids spend their money on. I have a 6 year old who does chores around the house like those mentioned above, but we haven't started an allowance mainly because I don't know what he'd buy with it. He gets plenty of toys for birthday, Christmas, etc. and I don't mind buying a very occasional app for him. I do want him to learn about spending and saving though, so I suppose it's time to start an allowance if only for money managing skills. I like the idea of the moon jar. I think $3 a week would be plenty, though, one for each (spend, share, save). Do gifts they purchase for others come out of spend or save for most people? Share will go to church or school fundraisers for our family. [/quote]
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