This is a subjective question, so there's no objectively "right" answer.
That said, many financial professionals do recommend that children should receive an allowance, because it helps teach them about money.
Learning to decide between getting one comic book or two candy bars RIGHT NOW vs. saving up to get a more expensive toy LATER is a valuable skill.
I don't give allowance. They get everything they need and some of what they want. Having said that, they have the option to work to make money. Both my kids have gotten "real world" paycheques selling scrap metal they have picked up, some of it at their dad's business for cleaning up.(Over $100 each time). They are only 9 an 10 years old. They were both proud that they had gotten paid for working (self employment) and gave more thought to what they would buy because they had worked for it. That cheque had more value to them because they had earned it. Money for nothing? The real world doesn't operate that way.
Yes they should because chores are good to keep your child getting ready for when he/she is older and has to work.
when playing Basketball you get a weekly payment based on the amount of games youv played or who your playing for
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Yes, because adults should give kids allowance to see if the kids are responcible, it worked for me
absoulutley . You need to show you kids that there is gift for misbehaving.
* Children should be made to do chores around the house to earn an allowance. No parent has to give a large allowance, but a fair one. Rule of thumb ... you work for the money! This teaches kids that they will have to work for what they want in the future and there are no free handouts.
the kids are not responsible
If you are a parent, one of the biggest responsibilities you have is teaching your kids about money. For many kids, their first exposure to money is their allowance. This has always been a tricky topic. There is no universal amount for an allowance. Every parent does something different. Regardless of how much money you give your kids for an allowance, you want to make sure you teach them about money. This means you can't just blindly give them money. Here are a few tips for starting an allowance program with your kids. The first thing you should do before giving your kids an allowance is discuss it with them. Like any other serious life talk, sit your child down and explain to them how an allowance works. You should state what you expect out of them, including any rules that may lead to a revocation of an allowance. You should also tell them how much of a responsibility it is. Most kids will appreciate your respectful approach. This discussion is an important part of teaching your kids about money. Another thing you should do is separate allowances from chores. Chores should be approached as something kids do as part of the family. Allowance shouldn't be pay for a job children should do. That's not say you shouldn't reward kids for major chores. However, an allowance should be more of an instructional tool than a reward for doing work. An important part of giving your child an allowance is teaching them how to save money. Before you give them their first allowance, open a savings account with them. Teach them how important it is save money and keep track of what you spend. If there is a toy your child wants, tell them that the best way to get it is to save their allowances. As a last tip, don't be afraid to let your child fail. You shouldn't jump in and make them save their money or deposit it for them. On the same token, don't give them any extra allowance. If your child blows their allowance quickly, that is good opportunity for a lesson. Hopefully, they will be more responsible when they get their next allowance.
Yes. It is the smart thing to do. It makes them want to do chores. It also teaches them financial skills.
A kid should get at least 10 dollars a week if his/her parent works on a gas station
I suggest a six figure allowance.
Girls at the age of 10 and 11 get more allowance than boys at the age of 10 and 11
Little kids that don't get an allowance.