Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
As far as other expenses, I never liked the idea of allowance but instead I like to teach my kids they should work for what they get.

DD earns her allowance through good behavior. Good behavior earns a sticker. 7 stickers earns $2. No, that isn't a lot of money. She can earn more various ways. I'll pay $1 for helping to put away DS's laundry. Helping with yard work (usually trash duty) is $1. Perfect spelling tests are worth $1. "Are you thinking about your sticker?" is usually enough to curb wild behavior.

She used to have the worst case of the iwannas I have ever seen. Now she gets told, "did you bring your money?" That cut that out right away.

Funny thing is, she is very careful about what she buys and is very proud of how she spends her money. She remembers that Moon Sand was her first purchase. (And yes, she still plays with it.) She's also made donations out of her fund as well. You've never seen a 7-year-old walk taller than when she's helped out some cause out of her own purse.

HTH,

- HCF
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement