If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#11
|
|||
|
|||
How much allowance for teens?
|
#12
|
|||
|
|||
How much allowance for teens?
"-L." wrote in message
I don't have a teen now but had my niece as a teen. I gave her a dollar for every year of age per week, This sounds like a great idea -L. and am wondering if I could apply that to my two when they are at pocket money age. Do you think that it works for kids that are not teens. Does 5 dollars for a 5 year old seem fair or is that too much? I'm not sure what its the best way to work it. -- Pip My girls : DD1 Jasmine - 5 weeks early - 21 March 02 - Still as small as a peanut but as smart as a whip! DD2 Abby - 8 weeks early - 3 Feb 05 - I am very polite and say "Ank Ooooooo" whenever I'm given something. "Yes you can drive me insane just by talking to me!" -- |
#13
|
|||
|
|||
How much allowance for teens?
On Sat, 16 Dec 2006 13:55:43 GMT, "Donna Metler"
wrote: When I was in high school, my parents did something which I feel now was very intelligent. Instead of giving me an allowance, they gave me a monthly "salary"-but everything had to come out of that salary. So, while my "allowance" was much higher than most of my friends, I was paying for school lunches (or packing my own-and if I was packing my own, I had a choice of buying my own supplies or taking pot luck in the refrigerator), paying for my own private music lessons, any school activity fees or supplies, clothing, etc. In times when expenses were lower, I learned that I had to save up for the big ones (for example, saving money in the summer so I could afford school supplies and new clothes for the fall) By the time you subtracted the regular stuff, I probably had less disposable income than most of my peers-but since I controlled my budget, I was also better at managing money. They'd help out in emergencies, but it had to be a real emergency. I still had some slip-ups in college (a $150 long distance bill in one month, for example), but in general that money management experience stayed with me. As a former contributor who has not been here in quite awhile due to family issues, this is almost exactly what we did (and do with our youngest) My teens get a monthly "allowance". This has to include clothing, lunches, anything they might do with their friends, school fees (although youngest is a senior this year and I am subsidizing that a bit as it can be overwhelming), gifts for people such as christmas and the like. We discuss the appropriate amount each year with our kids and I make a decision then. When our kids get to college, whatever money they get from us is in semester form only. I originally started this system because I do not use cash only a visa debit card for literally everything, and got tired about ten years or so ago of being asked for cash regularly. With this system, the only cloithign he gets from me are gifts. Lest someone ask, chores are not tied to money. In this house, you do your share of the cleaning and maintenance and keep up your own room because you are a member of the family and you live here. |
#14
|
|||
|
|||
How much allowance for teens?
toypup wrote:
"Grahame" wrote in message ... Very interesting..........how did you feel about it at the time? Did they teach you how to budget? My 13 yr old never asks for money but we buy her everything.. Im thinking of following your parents example as it sounds a great idea...but I dont think I have taught her enough about money yet to start. Any tips? Thanks Fiona I think the ability to save is an inborn quality. You can only teach it so much. Some kids get it and some kids never will, but at least we can try. That said, DS gets money every so often depending on how many stars he has and if he is willing to trade them in for cash. We never buy him toys except for birthdays and Christmas, even that is too much, considering what he gets for gifts from everyone else. Still, he wants more toys. He must buy them with his own money. I agree that some children are natural savers, but I think we can still influence our children's attitude to money and saving. One of my kids would happily spend all their money, and frequently asks for an advance on their pocket money. I'm fairly certain that if we did give them an advance on a regular basis, they would grow up to be the kind of adult who is constantly borrowing from their "future self" by having a permament overdraft at the bank. With the previous poster's child, exactly what I'd do depends on whether they are used to handling money at all. If they never even give the cashier money, I would start getting them to pay eg for a drink when they are out. Then I would have an allowance for small things, perhaps magazines or CDs. I would gradually include the allowance to pay for necessaities like school supplies. -- Penny Gaines UK mum to three |
#15
|
|||
|
|||
How much allowance for teens?
Me Myself and I wrote: "-L." wrote in message I don't have a teen now but had my niece as a teen. I gave her a dollar for every year of age per week, This sounds like a great idea -L. and am wondering if I could apply that to my two when they are at pocket money age. Do you think that it works for kids that are not teens. Does 5 dollars for a 5 year old seem fair or is that too much? I'm not sure what its the best way to work it. That's what we plan to do, with age-appropriate chores. I don't think we will start to pay until later (8,9?) - things like sticker charts as rewards are better for the little ones. -L. |
#16
|
|||
|
|||
How much allowance for teens?
Caledonia wrote: Pull out your kleenex -- in highschool, I received no allowance, and was expected to fund anything outside of school lunches. (Including the $1/week minimum church donation.) It wasn't all bad, though -- I worked, I saved, I squandered my money on Tab soda, and lived to tell all. Caledonia I never had an allowance either simply because my Mom didn't have the money. She would occassionally give me transportation money to help me get to school, but that was about it. -L. |
#18
|
|||
|
|||
How much allowance for teens?
|
#19
|
|||
|
|||
How much allowance for teens?
"-L." wrote in message ups.com... Caledonia wrote: Pull out your kleenex -- in highschool, I received no allowance, and was expected to fund anything outside of school lunches. (Including the $1/week minimum church donation.) It wasn't all bad, though -- I worked, I saved, I squandered my money on Tab soda, and lived to tell all. Caledonia I never had an allowance either simply because my Mom didn't have the money. She would occassionally give me transportation money to help me get to school, but that was about it. I never got pocket money because my dad didn't believe in it. However anything you could make a good case for he would buy-and often the best too. However personally I think that's a mixed blessing. For example, if I went out woth friends and he'd given me money to get lunch and they decided it would be good to skip lunch and go to the cinema instead I couldn't because the money wasn't for that. I would have prefered to be able to choose to get the cheap folder for school, and spend the rest on something I wanted but wouldn't be deemed "necessary" rather than getting the folder that was the envy of the rest of the year! I worked so did have some money, but my brother went to college with no idea about money. Debbie |
#20
|
|||
|
|||
How much allowance for teens?
She's definitely approaching an age where I would expect a change to her
having to budget for her own essentials, though I'd probably do it at a school year change and then plan to do the same for other children, rather than at a specific age. You have to factor in whether you expect her to work, or whether work is an option for her if she wishes more money, my parents specifically factored in that they did not want me to work and made it pretty clear that it was not even an option. We also put on paper what I would be expected to pay for and what parents paid for. You've also got to work around any hobbies, sports etc. I lost out compared to my sister, as I was dancing seriously when she was doing it casually, all my allowance went on pointe shoes, so she had a lot more spare for books, magazines etc, so I think you have to play it carefully to make sure things like that you want them to take seriously and be committed to are not harmed because they are also typical teens and want some fun too! Cheers Anne |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Allowance | DavidW | General | 0 | March 19th 06 04:37 PM |
Allowance | MsLiz | General | 19 | August 12th 05 06:21 PM |
Does "TV Allowance" work to manage kids' TV time? | THW | General | 23 | September 9th 04 07:36 PM |
appropriate age - music / ballet class | Jean | General (moderated) | 85 | October 18th 03 07:18 PM |
Allowance tracking on Palm? | Robyn Kozierok | General (moderated) | 30 | October 3rd 03 11:51 PM |