Comments on: Do You Give Your Kids an Allowance? http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html Join us on our journey to lead a debt-free, credit-free, clutter-free life. Sat, 21 Jan 2012 14:24:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Organizing Kids’ Seasonal Clothes — and Saving $$ on Them, Too. http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html/comment-page-1#comment-3246 Organizing Kids’ Seasonal Clothes — and Saving $$ on Them, Too. Thu, 30 Sep 2010 04:11:53 +0000 http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html#comment-3246 [...] a teenager, I know this system with the little kids will not be the one I use forever. In fact, our teenager being responsible for budgeting for his own clothing out of his allowance has been working amazingly well so far. Unfortunately, it also entails “clothes [...] [...] a teenager, I know this system with the little kids will not be the one I use forever. In fact, our teenager being responsible for budgeting for his own clothing out of his allowance has been working amazingly well so far. Unfortunately, it also entails “clothes [...]

]]> By: How Much Does It Cost For a Son to Turn 15? http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html/comment-page-1#comment-3123 How Much Does It Cost For a Son to Turn 15? Sat, 18 Sep 2010 03:25:22 +0000 http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html#comment-3123 [...] Because Conner has totally learned to appreciate the value of a new batch of boxer briefs since he’s been responsible for buying his own clothes. [...] [...] Because Conner has totally learned to appreciate the value of a new batch of boxer briefs since he’s been responsible for buying his own clothes. [...]

]]> By: What is the average family spending on back-to-school shopping this year? http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html/comment-page-1#comment-2971 What is the average family spending on back-to-school shopping this year? Wed, 08 Sep 2010 02:14:01 +0000 http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html#comment-2971 [...] teenager is still responsible for budgeting for his own clothing out of his allowance. (And yes, he still gets [...] [...] teenager is still responsible for budgeting for his own clothing out of his allowance. (And yes, he still gets [...]

]]> By: jolyn http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html/comment-page-1#comment-335 jolyn Fri, 08 Jan 2010 18:43:28 +0000 http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html#comment-335 Ditto to everything you said. I totally agree! We only have so much time with our kids before they're out in the unforgiving world. Starting at 6 is very impressive! One goal I have for 2010 is to start a workable allowance system for my 6 (almost 7) and 5yo. But the only thing worse than starting later with your kids is to never start at all! Here's to the next generation having more financial sense than... say, our government. Oh, no. I went there;) Ditto to everything you said. I totally agree! We only have so much time with our kids before they’re out in the unforgiving world. Starting at 6 is very impressive! One goal I have for 2010 is to start a workable allowance system for my 6 (almost 7) and 5yo. But the only thing worse than starting later with your kids is to never start at all! Here’s to the next generation having more financial sense than… say, our government.
Oh, no. I went there;)

]]> By: Kelleigh @ Kelleigh Ratzlaff Designs http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html/comment-page-1#comment-334 Kelleigh @ Kelleigh Ratzlaff Designs Fri, 08 Jan 2010 18:38:50 +0000 http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html#comment-334 We are just starting a commission sheet with my 6yo. He's so excited to start earning up to $10 per month. So far, though, he hasn't earned very much because he keeps forgetting to do his jobs. This first weekly "payday" will be a shock to him when he only earns about 50¢ instead of $2.50 because he owes fines and didn't do the work! Neither my husband nor myself ever earned an allowance, but I think that our son needs to learn how to manage money at a young age. Plus, he is more thankful, more helpful, and more understanding of where money comes from! We are just starting a commission sheet with my 6yo. He’s so excited to start earning up to $10 per month. So far, though, he hasn’t earned very much because he keeps forgetting to do his jobs. This first weekly “payday” will be a shock to him when he only earns about 50¢ instead of $2.50 because he owes fines and didn’t do the work!

Neither my husband nor myself ever earned an allowance, but I think that our son needs to learn how to manage money at a young age. Plus, he is more thankful, more helpful, and more understanding of where money comes from!

]]> By: Do You All Shovel Your Own Driveway? (Or Do You Put Your Kids to Work? heh-heh) http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html/comment-page-1#comment-330 Do You All Shovel Your Own Driveway? (Or Do You Put Your Kids to Work? heh-heh) Fri, 08 Jan 2010 04:20:28 +0000 http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html#comment-330 [...] finally came up with an allowance system that gives him $30 every month, with the understanding that he is responsible for budgeting for [...] [...] finally came up with an allowance system that gives him $30 every month, with the understanding that he is responsible for budgeting for [...]

]]> By: Nancy http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html/comment-page-1#comment-95 Nancy Fri, 26 Jun 2009 22:27:58 +0000 http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html#comment-95 Have you set up a bank account for Connor to deposit his savings into? By not putting in the bank makes it even more accessible for spending. There are several banks - even ones online that you can sign him up for and will help teach him about banking. Have you set up a bank account for Connor to deposit his savings into? By not putting in the bank makes it even more accessible for spending. There are several banks – even ones online that you can sign him up for and will help teach him about banking.

]]> By: Christina http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html/comment-page-1#comment-92 Christina Thu, 25 Jun 2009 18:24:11 +0000 http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html#comment-92 No Allowance here yet. Personally. I feel as a family we are to help each other out. And I was never paid to do chores. We might start something up in a year or so. But still not sure. When my kids start showing they can do the chores without being repeatedly asked to lol. No Allowance here yet. Personally. I feel as a family we are to help each other out. And I was never paid to do chores. We might start something up in a year or so. But still not sure. When my kids start showing they can do the chores without being repeatedly asked to lol.

]]> By: Jolyn http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html/comment-page-1#comment-87 Jolyn Tue, 23 Jun 2009 02:35:02 +0000 http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html#comment-87 Well said, Hubs! I think you should guest post on here sometime! (Or start your own blog!) Well said, Hubs! I think you should guest post on here sometime! (Or start your own blog!)

]]> By: JP http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html/comment-page-1#comment-86 JP Tue, 23 Jun 2009 02:27:49 +0000 http://budgetsarethenewblack.com/2009/06/do-you-give-your-kids-an-allowance.html#comment-86 Well, regarding the iPhone thing, etc. . . . what we're trying to teach here is that the money has to come from somewhere, and not every family is in the same situation. Still, I'm sure some families are getting their kids whatever they want even if it hurts the bottom line. You do not have an automatic right to expensive junk just because some kid from another family shows up at school with it. Like Jolyn said, some of these kids have stuff I don't have!<br /><br />So, does Conner really need an iPhone? Definitely not. If a 38 year-old military officer can't justify the expense, how on earth would a 13 year-old?? So, he gets to budget. And learn that trying to keep up with the Jones' in school comes at a price. Will he really want that iPhone when he sees that it will have an opportunity cost of something else he can't get if he does? Maybe. It'll be interesting to see.<br /><br />Either way, if he gets an iPhone and breaks it, that will be a sad day. And we will be behind him 100% if he wants to start budgeting to buy a replacement. ;) Well, regarding the iPhone thing, etc. . . . what we're trying to teach here is that the money has to come from somewhere, and not every family is in the same situation. Still, I'm sure some families are getting their kids whatever they want even if it hurts the bottom line. You do not have an automatic right to expensive junk just because some kid from another family shows up at school with it. Like Jolyn said, some of these kids have stuff I don't have!

So, does Conner really need an iPhone? Definitely not. If a 38 year-old military officer can't justify the expense, how on earth would a 13 year-old?? So, he gets to budget. And learn that trying to keep up with the Jones' in school comes at a price. Will he really want that iPhone when he sees that it will have an opportunity cost of something else he can't get if he does? Maybe. It'll be interesting to see.

Either way, if he gets an iPhone and breaks it, that will be a sad day. And we will be behind him 100% if he wants to start budgeting to buy a replacement. ;)

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