Monday, January 14, 2013

Tot Talk: How much do you pay for Allowance?

It's always fun to watch children set up their cool-aid stand to try and earn a few cents. My kids had a few of those entrepreneur days, but the funniest was when my twin boys took their broken toys to the end of the driveway to tried and sell them, I was amazed that some of them sold. 

My daughter and my twin boys came running in the house from school and....
started a very excitable conversation about how a friend of theirs was is getting money for chores he does around his house. Chelsey immediately asked me, "Why I don't you pay us for doing chores?"  I chuckled and said, "because, I have no money and I'm pretty sure your friend's parents own a money tree!?!" All three of them stared at me confused for quite a while and then started to laugh. (Poor Tylor, I think he said, "Cool.") Ha ha

Kids can start earning money as soon as they grasp the concept of money and this can be as early as 4. In our home allowance didn't come in to play until around the age of 5 or 6. Allowance meant that the chores had to be something other than what was consider, "normal home responsibilities." Chores like making your bed, brushing your teeth, putting your dish in the dishwasher and picking up after yourself  were considered house hold responsibilities. Jobs like cleaning the bathroom, unloading the dishwasher, scrubbing pots and shovelling snow off the driveway..., were considered "jobs" above and beyond and were very much appreciated. These types jobs would be rewarded with payment. When a payment was made half of the money earned went into savings and the other was theirs to spend as they wished. Jobs and Payments were charted and dealt with, by way of payment every Friday night.  

Most parents paid their kids $1.00 per year of age, but some received a way more. For our family we made a chart that labeled the jobs and the payment for that particular job. (kids and parents sit together to determine these prices and some of the jobs paid out $5 bucks!) If the kids helped each other with the job.., the payment would be split between the number of kids doing that particular job. (We loved this rule, because it was fun to see them making decisions and working together) As a parent it's your call. Different strokes for different folks. I'm wondering what the going rate is today? What do you pay your child for doing chores or jobs around the house?
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