How much do you pay for weekly allowance?

[forgop]

My girls are 9 & 10 and they will be expected to keep their room/bathroom, put away their laundry, and a small daily chore like emptying the dishwasher, sweeping, etc. What seems to be the market rate nowadays?

 

[printcraft]

Hummmm....... 3 hots and a cot.......

 

[forgop]

Hummmm....... 3 hots and a cot.......

Yeah, I get that, but we also want them to start learning the principles of earning money, saving, etc...you know, stuff completely lost on people growing up with the idea of entitlements and never having to earn anything they want in life.

 

[mbills2223]

Hummmm....... 3 hots and a cot.......

This.

Yeah, I get that, but we also want them to start learning the principles of earning money, saving, etc...you know, stuff completely lost on people growing up with the idea of entitlements and never having to earn anything they want in life.

I was always expected to do certain chores and was never given an allowance. I was taught the value of money and taught to appreciate things without actually being given an allowance. My parents bought things I needed, and often things I wanted, and I always appreciated it and valued it.

Nothing wrong with an allowance, but I don't think it's necessary.

FWIW, a lot of my friends in elementary school would get about $10-20/weekly...of course most of them didn't do anything for it...

 

[Baditude]

We went with the $1/year but my daughter helped clean house / laundry / weeding

 

[BehindBlueI's]

$4-$5/wk. I started giving my son an allowance when he turned 8, he has a set list of chores, he gets docked if something is left undone or is poorly done, etc.

I think its beneficial. He's learning to save up (he bought his own Kindle Fire, a pretty major purchase for someone his age, with money he'd saved through the year), he's learning there are financial consequences to being lazy or bad at one's job, etc.

 

[Evermoore]

As long as the work that is supposed to get done my daughter gets $20 every two weeks half of which she has to put into a saving. She is 11. I think its a good thing to help kids understand how money works.

 

[hoosierdoc]

We are going to start using the Dave Ramsey method. He considers it a commission instead of an allowance. He states that allowance is like welfare. He wants to teach kids that work equals income so when they do chores let them get paid for it. However some are chores that are expected just because they're members of the house. My son is five and he will probably get one dollar a week. He then has to give some to church, save some, and spend some.

 

[hacksawfg]

I pay my kids (5 and 7) $0.25 per chore they do assuming they do it when I tell them to do it. If I have to tell 'em twice or more to get it done, I take away $0.50. At the end of the week I tally it up and they get paid. (Un)fortunately, they have yet to earn any money.

 

[revsaxon]

When I was a kid my parents gave me 12$ every 2 weeks for doing a bunch of chores. If they wern't done right (and expectations were clearly laid out before work commenced) I got docked. If they were done really badly, I was even fined for it.

 

[Dargasonus]

I never got an allowance. Chores were expected to help out and be a productive member of the family.

 

[Cpl. Klinger]

We're doing a dollar a year (she's six) and it goes directly into savings, never in cash. I also get the three hots and a cot bunch, but this is helping her learn not only responsibility but consequences for her actions. It's working so far.

 

[femurphy77]

My ex didn't feel that children should have to "earn" a weekly stipend. She felt they deserved it. Notice I said ex.

 

[mbills2223]

I'm confused by the $1/year thing...especially if they are never even seeing the money. Can someone elaborate?

 

[Trigger Time]

I pay my 6 year old $1 per A+ on a test. C's or below get a deduction in funds and tv taken away until the misses info is learned and retained.
chores are light for now but her reward is fun stuff and toys we buy her constantly.

 

[9mmfan]

I never got an allowance. Chores were expected to help out and be a productive member of the family.

This was me and I have passed it on to my son.

 

[HavokCycle]

i worked on the farm and i was paid minimum wage, from about 12ish on.

 

[Caleb]

No allowance...commission only.

No work, no pay.

 

[Brandon]

We got 5 dollars a week if we did our chores and homework and got something better then a D on our tests in school.

 

[j4jenk]

I agree with the comments pointing that work and/or grades need to be part of the equation. I think the amount depends on what you expect them to do with the money. It always struck me as odd to teach kids that they could blow their allowance on candy and toys. We give our girls a larger than normal allowance, but they have to budget some of it for clothes, activities, and other things that we would pay for anyway. The idea is to show them what their lifestyle actually costs so they won't be surprised later in life.