How much allowance?
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|Mon, 09-25-2006 - 11:49pm|
My almost 8-yo is finally getting mature enough for me to consider giving him an allowance. I am wondering how much. At first I thought $3 (1 for spending, 1 for saving, 1 for church on Sunday). Then I thought $4/week with $2 for spending since the saving money is actually for saving in the bank long term, not saving to take money out later for a toy or whatever. That way, if, for instance, he wanted a $14 CD, he would have to wait 7 weeks instead of 14 to get it. 7 weeks is a long time for a kid, and I would imagine 14 would seem an eternity. I don't want a bunch of dollar store junk in the house because he is tired of waiting. I am also considering letting him earn extra money as odd jobs arise that he is capable of doing or helping with.
Do you give allowance and how much do you give? I am kind of out of touch with how much to give. It seems like we hold our kids back more than a lot of people do (not that its a bad thing) but just that I am really out of touch. I know people who give their 4 yos allowances.
Thanks for any ideas.