twitter facebook stumble upon rss

Stop Giving Your Kids Allowances

sign up for the momlogic newsletter Tweet This

A couple of weeks ago, my 9-year-old daughter was surfing the Internet, and I casually asked her what she was looking for.

mom giving daughter some cash

Danielle Hoston: She said, "I'm looking for a job for me and a husband for you." I know ... She's quite the comedian. Anyway, without giving that whole "husband" comment much energy, I asked her a little bit more about why she wanted to find a job. It turns out that her reasons were valid: 1) She wanted to know what jobs she was qualified to do, and 2) She wanted to have her own money.

When I was a child, I too wanted to have my own money, but I never received an allowance. I had homework and chores, and either my father paid for things or he didn't. My first job (and first paycheck) was doing small administrative duties at my dad's office. There was simply no such thing as an allowance in our household. It wasn't until I was an adult that I appreciated my father's subconscious message: Money is earned.

I wanted to send the same message to my daughter, but I also wanted to give her an opportunity to actually earn money, so we established some rules:

1. We would not use the term "allowance," we would use the terms "earnings." Money isn't magically "allowed" in the real world ... at least not for most of us, anyway. Most of us actually earn our money.

2. There won't be pay for chores that she SHOULD do. Taking out the trash, loading the dishwasher, and cleaning up behind herself, etc., are "chores" that we all do in the regular course of being a responsible human being, not things we get paid for.

3. There won't be pay for grades. She is SUPPOSED to get good grades. The payoff for performing well in school is the pride she feels in a job well done and becoming a little smarter at the end of the day.

4. She will be paid based upon the estimated time it takes her to complete her "job." We looked up minimum wage (currently $8/hour in California) and determined that as our starting point.

Today, she organized my bathing suits and earned $4. I have a lot of bathing suits, and she's a pretty good organizer, so it was a good deal for both of us. Now, she's thinking about starting a business of breeding hamsters and selling them at school. She told me she already has a few customers lined up. Don't worry ... I think I talked her out of it, but I'm proud to say that I think she may have caught her mother's entrepreneurial spirit and she greatly appreciates the money she's earned. Maybe by the time she's 10, we'll talk a little more about how payroll taxes can affect your net pay, and the overhead costs of running a business. I might even require a mandatory savings account or a 401k for larger jobs she completes. You can never start too early, you know.

Do you believe in "allowances"? Why or why not? What principles do you believe children should learn about the value of earning a dollar?




next: "Mom" Me vs. "Work" Me
30 comments so far | Post a comment now
pay day loans December 13, 2010, 3:31 PM

I agree along with your thoughts here and I really like your site! I’ve bookmarked it making sure that I will revisit & read more in the foreseeable future.

payday loans online December 13, 2010, 3:58 PM

Easily i’m not against that which you saying but i have to exclude that you aren’t valid about this issue. Why on the planet people convertd so much in course of time? Can’t we only coincide on all causes? We had comparable problem in our business.Decoding the situation want some concentrated analysis

cash loans December 13, 2010, 6:04 PM

You completed several good points there. Used to do looking on the issue and located many people should go along with along with your blog.

payday loans no credit check December 13, 2010, 7:56 PM

Hello, I found your blog in the new directory of blogs. I don’t learn how your blog came up, will need to have been a typo. Your site looks good, have a nice day.

cash advance loans December 14, 2010, 8:19 AM

Kudos for posting this kind of useful weblog. Your blog isn’t only informative but very artistic too. There are often very few people that can write not simple articles that creatively. Sustain the nice writing !!

quick payday loans December 14, 2010, 9:59 AM

Every time I visit this website there’s something new and improved that i can study on. Haha I’ve held it’s place in your source code many times to find out how you’re doing a bit of things so we could put them on my site. Thanks! I could coach you on about ways to generate income.

payday loans December 14, 2010, 10:27 AM

Hello, Today in a very new directory of blogs. I don’t discover how your blog came up, should have been a typo. Your website looks good, possess a nice day.

cash advance loans December 14, 2010, 12:28 PM

Hi I discovered this web site in error as i was searching yahoo because of this issue, I have to say your websites are really helpful Furthermore love the theme, its amazing!. I dont have that much time and energy to read all of your post at the moment but I’ve got bookmarked it and also signed up for your RSS feeds. I am back in a day or two. many thanks for an excellent site.

fast payday loans December 14, 2010, 2:12 PM

You completed several good points there. I did so a search about the issue and located almost all people will go in conjunction with with all your blog.

cash advance payday loans December 25, 2010, 4:18 PM

Easily i’m not against that which you saying but i can exclude that you aren’t valid within this issue. Why on earth human being convertd so much in course of time? Can’t we simply coincide on all causes? There were comparable overuse injury in our business.Decoding the challenge want some concentrated analysis


Leave a reply:



(not displayed)

     




Avoid clicking "Post" more than once
Back to top >>
advertisement