Reply to What chores do your 5 and 7 yr old do?? allowance question?

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[quote=Anonymous][quote=Anonymous][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]

I'm wondering the same thing. Though I'm cheaper than you. I could envision putting 50 cents in each jar each week and still ending up with too much in spend. [/quote]

Honestly. the spend, save, give thing was too much for me to keep organized (really it was hard for me to come up with the small bills and change every week. We've ditched it in favor of small allowance. [/quote]

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