It appears you have not yet Signed Up with our community. To Sign Up for free, please click here....

Parenting Issues Message Board
Post New Thread   Closed Thread
LinkBack Thread Tools Search this Thread
Old 05-26-2007, 09:15 PM   #1
Senior Member
Join Date: Jan 2007
Posts: 262
mariella HB User
kids pocket money

Just wondering your thoughts on kids pocket money. I have children 2, 4 and 6 and the older two are always wanting me to buy toys EVERY time we go shopping, which I do not, but I wanted to start a star chart or similiar with some kind of monetary reward for the piggy bank each week, so they can "have" their own money to buy themselves a car or a doll or whatever.

Any thoughts? I don't want to "pay" them for working, as they do little chores already, but I want them to understand how money works too.

Thank you

Sponsors Lightbulb
Old 05-27-2007, 05:36 AM   #2
Join Date: Jul 2005
Posts: 323
sem627 HB User
Re: kids pocket money

My two oldest are also 6 and 4 (actually much closer to 7 and 5). We had been doing the chores thing with allowance. But I had a hard time paying them for things I thought they should be doing anyway because they are part of this family and household. I didn't agree with paying them for clearing the dinner table or feeding the dog, or putting away toys, etc. They should do those things because we asked them to, not because they are getting paid.

So we came up with this for the summer. They are having a quiet time in their room each day and they are getting paid for reading books, writing a story, practicing handwriting, doing math flashcards, etc. I made a chart and they check off each day which of the activities they did. I customized it to their age. For instance, the older one who is reading chapter books is getting 10 cents for reading for 15 minutes. The younger one, who reads very well but not near her sister, is getting 10 cents for reading two books. Math flashcards for my older one is 10 cents. My younger one gets 5 cents for practicing writing her letters. They are putting a check mark next to each activity for a particular day. At the end of the week, we are counting up all the checkmarks and paying accordingly. It's a great way to add money, as well. At the end of each day I'm giving a sticker for staying in their room for the allotted time which is about a half hour or so.

It's also been nice because I visit each individually and spend some one-on-one time with each. We read together or whatever. We've only done it this past week since summer vacation has just started, but my girls LOVE it.

We've explained to them that the other stuff they do, like helping around the house and doing what we ask will get rewards like going for ice-cream or to the park, etc.

I don't know what we'll do when school is back, because I won't pay them for doing homework. Like chores, that's a requirement and shouldn't get paid for. So we'll have to think of something else. Perhaps for extra reading...not sure yet.

But in the meantime, this is working.

Old 05-27-2007, 06:08 AM   #3
Senior Veteran
Join Date: Oct 2006
Posts: 6,012
Sannah HB UserSannah HB User
Re: kids pocket money

Hi, I started allowance with my children when they were 4. They got a dollar a week because they were a member of the family. They also have to help around the house because they are a member of the family. When they were 4 and 5 and they didn't want to help, I told them if they are not responsible enough to help around the house then they aren't responsible enough to get money (now they help with no trouble). I didn't want to tie the two together anymore than that either because I don't think that they should get paid to help around the house. I give them a dollar raise every birthday so that when they are 16 or so they will be making allowance of about $13 per week. My children are 6 and 8 and I really don't buy them anything anymore (except maybe books and of course presents). If they want a toy now they buy it or any other trinket. The 6 yr old makes $3/week and the 8 yr old makes $5/week. They both have savings accounts. When they are teenagers this should give them adequate money to go out with friends, etc. We will always buy them clothes and essentials.

Last edited by Sannah; 05-27-2007 at 06:09 AM.

Old 05-27-2007, 09:25 AM   #4
Join Date: Jul 2005
Posts: 323
sem627 HB User
Re: kids pocket money

I think as mine get older, I'll just give them money if they need it. Like you said, you don't wait to have the money connected too much with the chores around the house. When I was in high school, my mom would give me $20 a week. I also used that for lunch money...which was much cheaper almost 20 years ago...geez, I'm that old already??? So, if I wanted more money, I would pack my lunch. She bought me clothes and whatever else I needed.

This summer thing we're doing with the books and such, is for now when they are younger. As they get older, we'll just probably give them what they need for whatever activity it is they are doing.

Old 05-27-2007, 09:18 PM   #5
Senior Member
Join Date: Jan 2007
Posts: 262
mariella HB User
Re: kids pocket money

Thanks ladies, I have done up some great charts for the kids and will begin something this week. Its good to see your ideas and how they work. Take care.

Closed Thread

Similar Threads
Thread Thread Starter Board Replies Last Post
Kids in our Relationship vooda Relationship Health 40 01-03-2010 09:44 AM
Porcelain crown has air pocket borr Dental Health 3 05-03-2009 07:06 AM
Bipolar parents raising bipolar kids...anyone have more advice mommy2fourbratz Parenting Issues 1 12-07-2008 08:37 AM
Is nearly $6000 for Pocket Reduction surgery a reasonable price? flyrod Dental Health 5 02-08-2008 04:23 PM
Young adults yet still kids? monkey5 Parenting Issues 26 09-10-2007 09:20 AM
Our Bipolar Kids ~ Finding the Light--Take 2 tsohl Family & Friends of the Mentally Ill 1491 06-30-2007 05:28 PM
Our Bipolar Kids ~ Finding The Light At The End Of The Tunnel goody2shuz Bipolar Disorder 685 03-11-2007 03:23 PM
My mom doesn't treat my kids the same long post really need help though hayley0610 Relationship Health 3 01-23-2007 01:40 PM
how much do you spend out of pocket??? earle Lyme Disease 8 01-12-2006 07:43 AM

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Sign Up Today!

Ask our community of thousands of members your health questions, and learn from others experiences. Join the conversation!

I want my free account

All times are GMT -7. The time now is 01:36 PM.

Site owned and operated by HealthBoards.comô
Terms of Use © 1998-2015 HealthBoards.comô All rights reserved.
Do not copy or redistribute in any form!