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Allowance

May 10th, 2006 at 05:44 pm

Do you think that a 4 year old is too young to get an allowance in exchange for his help aroud the house? Of course for a four year old, that would be cleaning up after himself, putting his dirty clothes in his basket, grabbing his plate/bowl/utensils/placemat for meal time, etc.
He can now count up to 30 and I'd like him to understand how money works. I read somewhere that a good allowance guide is $1 for every year. I'm thinking about it so he understands that we have an unlimited amount of money. I'd like him to understand that he has to save his money if he wants something and he needs to decide what is more important to him, that $2 hot wheel today or the $30 lego set in a few weeks. I think that I'm going to start this this week and let you know how it goes. He's already paid me back this week for something this week that he wanted from the toy store, he had some money stashed away from a few easter eggs. I hope that he learns the value of money early on in life.

7 Responses to “Allowance”

  1. veronak Says:

    You know I simply do not believe in allowances, (just my opinion) when children are good and behave get good grades etc yes I do feel like at times (not all the time) there should be an award but a weekly allowances just if this was done or that I just to not agree with..again this is just my opinion...good luck

  2. robex Says:

    My kids have had a weekly allowance since they were 3. They've always been encouraged to save some, give some, and spend some. Dh and I get spending money of our own, as well, so I think it's fair that they get some for helping out.

    We've never given them money for good behaviour or high grades. These are expectations in our house, not a choice!

  3. joie16 Says:

    Thanks for the comments.

    Robex, I agree that good behavior is an expectation and not a choice.

  4. carol Says:

    I agree an allowance should not be given just for good grades and good behavior. If he is willing to do certain chores, such as the ones you mentioned, or what ever chore list that you set forth, and if he is willing to learn about saving, spending, etc. then he may be ready for an allowance.

    I went on the Internet to try to find out how much a child should recieve for an allowance. The word of veteran moms out there is this rule: take a child's age(in his case 4, multiply it by $1, then divide it in half), meaning his allowance would be $2. Because my boys are a little older, I simply set forth a straight $8.50 for each of them. At this point it is enough, although my 10 year old is already asking when I am going to consider raising their allowances. LOL!

  5. LuckyRobin Says:

    I pay my kids 25 cents for every quarter hour of work they give me. But, this is for chores above and beyond their normal house chores. So the kids still need to keep their rooms clean and their clothes and bathroom picked up, put away their clean close, empy their room waste baskets when full and scrape their own dishes and place them in the sink, with no pay. But things like cleaning the toilet, sink, mirror and bathroom waste basket are paid. Vaccuming the rugs or sweeping the kitchen or helping to scrub the kitchen floor are paid. Cleaning the inside of the fridge is paid. And all outdoor work is paid for, like pulling weeds, helping turn the compost pile, watering flowers or the garden.

    They also get a penny for each dandelion head they bring me in the spring and a penny for each pinecone they bring me in the fall. If they help pick beans or berries they get 25 cents an hour.

    I know it doesn't seem like much but I want them to learn how hard you have to work in real life for money. And one hour's work earns a dollar. My kids are six and nine and they have always had enough money from their work to purchase their special things. I will buy them each 2 magazines, comic digests or regular books a month, though.

  6. LuckyRobin Says:

    Yikes, sorry about all the typos in my reply!

  7. koppur Says:

    I think that is a fab idea. I was given an allowance and extra money for helping with chores, and while I am grateful, part of me wishes I had learned at an earlier age to handle money and work for all my allowance...maybe I'd be better off than I am now. Plus it is great to help him with general counting, adding, subtracting, etc.

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