Wow, $2 a week is a lot for a pre-schooler. I suppose that's accounting for the rate of inflation from when my kids were that age (they each got $1/week). Our rule was that the allowance was NOT for chores (picking up their clothes, putting toys away) because those were expected tasks. The allowance was a reward for being a responsible household citizen (respecting each other and adults) and keeping up with their school work (okay, bribery).
Having spent nearly 20 years in high finance, it was important to teach my kids the value of money. My daughter saved her money, while the boys were always eager to spend theirs. Funny how that works. But, they also learned how to shop very well in order to "stretch" their buying power.
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Wow, $2 a week is a lot for a pre-schooler. I suppose that's accounting for the rate of inflation from when my kids were that age (they each got $1/week). Our rule was that the allowance was NOT for chores (picking up their clothes, putting toys away) because those were expected tasks. The allowance was a reward for being a responsible household citizen (respecting each other and adults) and keeping up with their school work (okay, bribery).
Having spent nearly 20 years in high finance, it was important to teach my kids the value of money. My daughter saved her money, while the boys were always eager to spend theirs. Funny how that works. But, they also learned how to shop very well in order to "stretch" their buying power.
October 22, 2008 - 4:39pmThis Comment
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