Re: allowances
meghan anderson
<<<<<But what about money? I've been thinking of
starting an allowance for him, but not sure how to go
about it. I think it might help him to know/have
some control over when we can and can't get stuff.
Instead of it just being sort of a luck of the draw to
him.
Brenda>>>>>
I have been thinking about working out a allowance
system with my dd. She's 7 and has a pretty good grasp
of the we can or can't afford it scene, but I would
like for her to be able to save up for the bigger
ticket items that I can't buy her spontaneously. Can
anyone tell me how they handle allowances (like how
often and how much)? I need some food for thought.
Thanks
Meghan
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starting an allowance for him, but not sure how to go
about it. I think it might help him to know/have
some control over when we can and can't get stuff.
Instead of it just being sort of a luck of the draw to
him.
Brenda>>>>>
I have been thinking about working out a allowance
system with my dd. She's 7 and has a pretty good grasp
of the we can or can't afford it scene, but I would
like for her to be able to save up for the bigger
ticket items that I can't buy her spontaneously. Can
anyone tell me how they handle allowances (like how
often and how much)? I need some food for thought.
Thanks
Meghan
__________________________________________________
Do You Yahoo!?
Send your FREE holiday greetings online!
http://greetings.yahoo.com
oldpriss
--- In AlwaysLearning@y..., meghan anderson <moonmeghan@y...> wrote:
gets $15 a week, but from the early days of his getting an allowance
we showed him how to budget it into different categories. The way it
works right now is he puts $6 a week into his spending bank, $5 a
week goes into savings, $2.50 a week goes into a piggy bank that's
set aside for gifts for others, and $1.50 goes to charity (his choice
of charities). He's happy with the system so far and frequently will
put his spending money into one of the other categories. Recently
he's been trying to make sure he'll have enough for everyone's
Christmas presents so he's shifted a good bit to that fund. Often
he's added to the charity bank. He has his own Quicken file on the
computer with four accounts showing how much he has and where he
spends his money. He seems to enjoy using Quicken. He sure keeps up
with it better than I do with our accounts.
Priss
> I have been thinking about working out a allowanceWe give our nearly 11 year old son a relatively large allowance. He
> system with my dd. She's 7 and has a pretty good grasp
> of the we can or can't afford it scene, but I would
> like for her to be able to save up for the bigger
> ticket items that I can't buy her spontaneously. Can
> anyone tell me how they handle allowances (like how
> often and how much)? I need some food for thought.
> Thanks
>
> Meghan
gets $15 a week, but from the early days of his getting an allowance
we showed him how to budget it into different categories. The way it
works right now is he puts $6 a week into his spending bank, $5 a
week goes into savings, $2.50 a week goes into a piggy bank that's
set aside for gifts for others, and $1.50 goes to charity (his choice
of charities). He's happy with the system so far and frequently will
put his spending money into one of the other categories. Recently
he's been trying to make sure he'll have enough for everyone's
Christmas presents so he's shifted a good bit to that fund. Often
he's added to the charity bank. He has his own Quicken file on the
computer with four accounts showing how much he has and where he
spends his money. He seems to enjoy using Quicken. He sure keeps up
with it better than I do with our accounts.
Priss
[email protected]
In a message dated 12/10/2001 1:17:27 AM Pacific Standard Time,
moonmeghan@... writes:
$10 per month and the 14 yo gets $14 per month. HOWEVER - we made a drastic
increase in the amount when my oldest daughter started getting interested in
clothes and long-distance phone calls and buying lots of gifts for friends,
etc. When I noticed that we were butting heads, over and over, whenever we
were out - that I was having to CONSTANTLY decide, on the spur of the moment,
whether to buy something for her, or not, we upped her monthly allowance to
$50 a month and she is supposed to buy all her own clothes, accessories,
gifts, and pay phone bills. We don't stick to it very well - I buy her
clothes when I feel like it. But this way it is a sort of gift from us and
she never asks, she just assumes she is paying and is very grateful when I
step in and say, "I'll pay for that for you." Now she is 17 and has a paying
job and we still give her that money and still buy stuff for her when we feel
like it. She wants to spend her earned money on going to all THREE sessions
of Not-Back-to-School Camp in the fall.
--pam
[Non-text portions of this message have been removed]
moonmeghan@... writes:
> CanOurs is one dollar per month for each year old a child is. So the 10 yo gets
> anyone tell me how they handle allowances (like how
> often and how much)? I need some food for thought.
> Thanks
$10 per month and the 14 yo gets $14 per month. HOWEVER - we made a drastic
increase in the amount when my oldest daughter started getting interested in
clothes and long-distance phone calls and buying lots of gifts for friends,
etc. When I noticed that we were butting heads, over and over, whenever we
were out - that I was having to CONSTANTLY decide, on the spur of the moment,
whether to buy something for her, or not, we upped her monthly allowance to
$50 a month and she is supposed to buy all her own clothes, accessories,
gifts, and pay phone bills. We don't stick to it very well - I buy her
clothes when I feel like it. But this way it is a sort of gift from us and
she never asks, she just assumes she is paying and is very grateful when I
step in and say, "I'll pay for that for you." Now she is 17 and has a paying
job and we still give her that money and still buy stuff for her when we feel
like it. She wants to spend her earned money on going to all THREE sessions
of Not-Back-to-School Camp in the fall.
--pam
[Non-text portions of this message have been removed]
Jay Ford
My daughter (16) wanted to earn spending money for when she went to England. I had not been giving an allowance prior, but since it would be difficult to find a paying job for a few months to then take 3 months off, I offered her to do some work around the house in exchange for an allowance. We agreed on a list of things she would do every week for a set amount of money ($15/week) which she did happily. Then she would ask to do additional things for extra money. Some of those were mowing the lawn, raking leaves, washing the RV, washing and waxing my car, washing windows inside and out, etc. Each of those had a $ amount attached as one time jobs. She also got work for a woman she met at the barn where she rides and did some similar things at her house, earning another $75.
My son (almost 13) is now asking what he can do to earn some money, too. Since his sister is still in England there is plenty of things he can do.
We provide everything they need and want, for the most part, but they like to have money of their own to spend also. Sometimes there are things I just can't wrap my mind around spending real money on (like add-ons for Maple story where you buy a new hat for $3 real dollars and it vanishes after 90 days or something!) so this way they can do that with their own money.
My daughter and I sometimes 'fight' over who is going to buy her clothes, LOL. I say I'm your dad and I want to buy you some clothes! And she says but I want to use my own money! And we have a good laugh about it.
Jon
[Non-text portions of this message have been removed]
My son (almost 13) is now asking what he can do to earn some money, too. Since his sister is still in England there is plenty of things he can do.
We provide everything they need and want, for the most part, but they like to have money of their own to spend also. Sometimes there are things I just can't wrap my mind around spending real money on (like add-ons for Maple story where you buy a new hat for $3 real dollars and it vanishes after 90 days or something!) so this way they can do that with their own money.
My daughter and I sometimes 'fight' over who is going to buy her clothes, LOL. I say I'm your dad and I want to buy you some clothes! And she says but I want to use my own money! And we have a good laugh about it.
Jon
[Non-text portions of this message have been removed]