Reply to Parents, How Much $ Did/Will You Allocate for Allowance?

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[quote=Anonymous][quote=Anonymous]Daddy pays. Do they outgrow that mentality?[/quote]

Absolutely. I am proof of that. When I was in 11th grade and got a driving permit, my father gave me an "emergency credit card." It had my name on it but the bill went to him. I was to use it in any sort of driving emergency. In 12th grade, I would often get sent on errands (pharmacy, supermarket, post office) and get told to pay for the errands with the credit card. I took the credit card to college. Again, it was only for some sort of huge emergency. My parents deposited $200 a month into a bank for me, which I could pull out with an ATM card. I never used the credit card. After college, maybe 6 months after I'd been working full time, I'd gotten my own credit card. I handed the emergency credit card back to my dad one day. "I haven't used this in a really long time. The credit limit on my cc is $2,000. Thanks, but I don't think I need this backup any more."

My parents gave me juuuuuuust enough that I didn't have to struggle, but DID have to plan and budget. It left me respectful of how much things cost, the concept of saving, etc. That's why I give my college-aged kids (and being that each headed off to college at 16, they WERE kids) money. Again, enough that they can get by, IF they pay attention to sales, and budget wisely.

*My guess for the twice-a-week salon visits: her kid is on a dance or cheer team. There are requirements for your hair, makeup, etc. My guess is the kid can't do her own hair the way the team requires, so she's going twice a week to have it done so she looks appropriate for games and appearances as a member of the team. [/quote]

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