I know this topic is often covered, and for the most part I have pretty much been set on my decision with SD. DH and I have always disagreed, though.
Lately though, SD is showing some major responsibility improvements, and I am reevaluating things.
Recently SD came to us with a large amount of money that we did nit realize she had. We knew she has been saving every bit she gets, but we did not realize for how long or how much it added up to. She had 185! She has been saving every penny from birthdays, Christmases, tooth fairy, etc for over two years. I was so proud of her. And she even counted it all correctly. Unbelievable for a recently turned 7yo!
Anyway, I have paid her small amounts in the past for choosing to help me with out of the ordinary things like pulling weeds. But she has never been paid for ordinary household chores.
Since money obviously seems to be a motivator for her, do you think it would be a good or bad idea to set up a chore chart in her room and give her a certain amount a week if she keeps up with it? I always believed that tying money to chores early on would create problems later about choosing whether or not to do the chore.
Also, if you think an allowance would be appropriate, what amount would you say is appropriate? I was think 3 a week. DH will probably say that is unacceptably low. But I say if I am paying it, I choose it. Also, what on earth does a 7yo need to rack up the dough like that for? Crazy!
Btw We let SD buy a tablet with her money she had saved. She got a nicer one than me, and she STILL has enough money for a case and some left over. But she is worrying over which case to buy because she doesn't want to spend too much of her money. Lol! I am so proud of her right now.
Re: Chores and allowances
Also remember that bring good with money at 7 is easier than at 17. I was awesome at saving as a kid but still racked up credit cards in college and am not perfect as an adult. I think earning and saving really need to be taught but I don't think the lesson is fully learned on little kids even if we think they are.
Now a huge reminder than I really need to start actual chores in my house because neither kid does them.
And yes, Littejen, her being ok with not getting paid later on and so choosing not to do the chore is what I have always been afraid of. So I think I am going to come up with a list of chores that we do around the house all week long, divide them up by daily and weekly. These are the routines that must be done no matter what. They must be done before you can pick a money earning chore . So maybe not a set amount per week. Maybe an amount per chore?
I am skimming Pinterest and looking for ideas to modify. If I ever actually get all this done, I will definitely post about it.
I think $3 a week is fine for a 7 year old. What is she going to spend her money on if you give her more?
DD is 10 (almost 11) she gets $5 / week. She has chores she has to do to or money will be taken out of her allowence if I (or DH) does it. Making her bed, doing the recycling, helping to set the table. There are also extra chores she can help with.
Now if she goes to a street fair with a friend or out to lunch etc. she does not get any money from me / DH for food or whatever junk they are selling (we will still pay for tix at amusements since they are expensive and a rip-off IMO).
We are thinking of giving her a budget for her clothes in the fall - - I will still take her shopping, but if she wants to buy over her budget and get abercrombie, or wants more clothes - - she has to use saved up allowence.
I like the losing money for when they are old enough to really understand and 10 is probably good to start that.
I'm sure I will be the odd one out but I don't plan on giving DS an allowance. Ever. I especially will not be paying him to do chores. That is expected of everyone in the family, you don't get to skate by without doing contributing. When I was a kid my "chores" were washing the dishes after dinner every night, cleaning up the yard from the dogs roughly weekly, and helping my mom clean the house on Saturdays - usually sweeping, vacuuming and taking out the garbage.
I still got money for my birthday and holidays, if I wanted anything that my parents deemed unneccesary I would have to use that. I got my first job at 14 because I wanted things my parents wouldn't pay for.
DD is 8. For the past three years, she has received $1/year of age each week (so she now receives $8/week). She has specific chores she is expected to do (feed the pets, empty trash each week, etc) and is also expected to do other help around the house as requested.
We don't tie the allowance to specific chores. We give her money each week because she is a member of our family. We also expect her to help around the house, both with her regular tasks and as needed (like helping to empty the dishwasher) because she is a member of the family and families help each other.
The few times she's balked at helping with a task, usually because she's in the middle of something else, I ask her how she wants me to respond the next time she asks for help. That seems to motivate her pretty quickly.
This is what we do too. You don't get rewarded for keeping your room clean, for example - that's an expectation. But other things that help the whole family are reward-worthy.
That's such a tough one. To me, there are two things going on with chores and allowance. The everyday/regular chores have nothing to do with money. Those chores are done because they are a part of the household and we all have to do our share.
We give an allowance because we feel that they need to learn how to manage money. The 17-yr old just opened a bank account with a debit card. He is learning to balance an account. His allowance is put into that account. The 11-yr old gets cash. They are expected to pay for some of the extras they want with allowance money.
I personally have a hard time with money. I wish my parents would have given me a regular allowance at a young age to learn the idea that you spend some and save some. You save for both short term and long term things.
Honestly, I was raised this way, and I never in my dreams thought I would he debating on this. My mind has been made up in agreement with you since before I ever had kids.
This dilemma has only recently come to my mind since SD is showing so much responsibility in other areas right now. And the money saviglng was just one example. She has honestly suddenly really done so much to make me stand back and say how proud I am of her.
I am only thinking of an allowance because apparently money seems to be a big motivator for her. So many people already buy things for her all the time, so I really don't want to buy anything she doesn't need. And don't take that the wrong way. I just would rather her buy it herself. She already has Nana throwing gifts at her all the time.
I absolutely agree that chores must be done without feeling that you deserve money for them. But... I think there has to be a way for me to determine what is important enough in my household to put on a daily routine list, and then there are a few things that need to be done but are out if the ordinary for the kids to do that might warrant an extra reward, i.e. allowance. Am I making sense at all? But considering I am one of those people who needs to make sure everything is done right away so it would be hard to split chores up into musts and extras...
Another reason this is becoming a dilemma in my head is because DH and I disagree on it. And this is one issue where I am the one not compromising. I cannot complain that he won't compromise, if I won't. And this is one issue, also, where he is letting me take the lead. I think I need to take his views on it into account, and he thinks SD needs an allowance. So... there we go.