Wednesday Wondering....

iVillage Member
Registered: 09-26-2003
Wednesday Wondering....
14
Wed, 12-20-2006 - 7:58am

I Was Wednesday Wondering....


How does your child "earn" money?


What do they do with the money--do you make them save or are they allowed to do what they want with it?


Do they have a savings account?


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iVillage Member
Registered: 03-18-2003
Wed, 12-20-2006 - 5:41pm
Neither of them really does anything to earn money. Perhaps once a year he cleans out the garage for extra money because that is a huge job. I don't usually pay him to babysit but I did when we went to dh's Christmas party a couple of weeks ago because we were gone for four hours. He is trying to convince me to pay him to make siggies for me for here, but so far I'm not buying it.

Linda
mom to
Alex (16), Rachel (14), Matthew (12)


iVillage Member
Registered: 03-26-2003
Wed, 12-20-2006 - 10:23pm

My children don't earn money.

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iVillage Member
Registered: 04-14-2003
Wed, 12-20-2006 - 11:59pm
Tegan is very good with money. She babysits sometimes and she hardly spends a cent. She has a bank account and she deposits everytime she has more then $50.00. We set up bank accounts for the girls about a year ago.
Kelsey does not have a job so she has only about $100.00 saved from birthday money. As a matter of fact she will have her 11th birthday and February and she can't wait to make a deposit. Once Kelsey turns 11 she will be given an opportunity to earn money doing things around the house that are outside of the normal chores. Tegan was looking after Kelsey after school at 11 1/2 so it is only fair that Kelsey be given an opportunity to make money too. The girls do not earn an allowance.
We have been very open with the girls regarding our financial picture. They know how much goes out each month and how much comes in. They know how much goes into their RESP each month and how much has accumulated over the years.
I am curious to see how much people given their kids for allowance. This is something DH and i have talked about over the years and are considering doing as well.
Kelly
iVillage Member
Registered: 09-01-2006
Thu, 12-21-2006 - 1:51am

I Was Wednesday Wondering....


How does your child "earn" money? She use to get an allowance $11 just for being a part of the family. I haven't done this for awhile. I just give her what she needs. She doesn't really ask for much. I don't think. LOL


What do they do with the money--do you make them save or are they allowed to do what they want with it? She can do what she wants with her money.


Do they have a savings account? She has a brokerage acct that my father set up for her when she was born. He and I add to it from time to time. I hate to see what she does with that chunk of money when she's 18. Hopefully she'll won't blow it.






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