tag:blogger.com,1999:blog-8465887551310827456.post369741177368586795..comments2023-09-02T07:09:34.264-04:00Comments on Digging Out From Our Mess: Thoughts on Kids' AllowanceMystihttp://www.blogger.com/profile/17496508600320205581noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-8465887551310827456.post-11430356255459695752010-07-16T13:10:56.936-04:002010-07-16T13:10:56.936-04:00We definitely decided on the $5 a week per child, ...We definitely decided on the $5 a week per child, and the dividing it all up. The rest is still a work in progress. The job jar....we are leaning toward pink and blue slips, so we can make jobs appropriate for each kid. I do like the idea that all their regular stuff has to be done before you can dip into the job jar!!Mystihttps://www.blogger.com/profile/17496508600320205581noreply@blogger.comtag:blogger.com,1999:blog-8465887551310827456.post-75236740679616750032010-07-16T10:40:34.451-04:002010-07-16T10:40:34.451-04:00I'm a little late, what have you decided on th...I'm a little late, what have you decided on this? I like the job jar: concrete for Bossy. Ideas... Seasonal work? Like outside stuff now? Cleaning up debris, bagging up weeds? (May not be able to pull them...)(At least not well;) <br /><br />One idea is to have their rooms their responsibility: picking up; dusting; etc. And they can't earn from the job jar unless and until their regular chores are ok'd. And the job jar could include dusting the other parts of the house, sweeping the kitchen floor, etc. Just some thoughts.Budgets are the New Blackhttps://www.blogger.com/profile/14304480735991226607noreply@blogger.comtag:blogger.com,1999:blog-8465887551310827456.post-17607321897876217302010-07-13T12:09:52.699-04:002010-07-13T12:09:52.699-04:00I have 3 kids, they have all received an allowance...I have 3 kids, they have all received an allowance since they were in Year 1. (Here in where I live age 6). This was not tied to work in the home. This was what they could spend on sports training day, and they had to save a little of it. They had a piggy bank for savings. If they wanted an item that we did not want to buy they had to use their savings. For instance, we were happy to spend a certain amount on a bike. Our eldest son wanted a bike that cost more than we were prepared to spend. He chose to put the extra money from his savings to the bike of his choice.<br /><br />Normal household chores were not paid for. So dishes, keeping their room clean and tidy, filling the wood box etc, was just part of family life.<br /><br />Extra big jobs around the house or farm they could earn more if they wanted extra money. <br /><br />At present, my youngest (17) earns part of his money for keeping the lawns mowed, (we have an extra large lawn) and watering for the orchard and lawns in summer. My husband works away for 2 weeks and is home for 1 week at a time all year round. This helps me out.<br /><br />He still does the dishes, does his own washing, and cooks meals as part of normal household chores, and does not get paid for this.I Love Fig Jamhttps://www.blogger.com/profile/10544941900894131983noreply@blogger.comtag:blogger.com,1999:blog-8465887551310827456.post-42238678101971158182010-07-11T10:18:08.331-04:002010-07-11T10:18:08.331-04:00Oh, we had no plan on TAKING the money!! It was a...Oh, we had no plan on TAKING the money!! It was a joke. We are looking into how to invest the money for them for long term.Mystihttps://www.blogger.com/profile/17496508600320205581noreply@blogger.comtag:blogger.com,1999:blog-8465887551310827456.post-27533032604458152292010-07-11T10:08:41.891-04:002010-07-11T10:08:41.891-04:00I definitely wouldn't take the $500 your child...I definitely wouldn't take the $500 your children have saved, but how about putting it in a college/long-term savings account for them?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8465887551310827456.post-62290868585089218142010-07-10T07:30:55.280-04:002010-07-10T07:30:55.280-04:00I don't know if this would work for your kids ...I don't know if this would work for your kids because we were older, but my mom used to pay us for "deep cleaning" only. We still had to take out trash, load/unload dishwasher, keep our crap picked up, etc. as chores, but for a sparkling clean bathroom or kitchen, baseboards, scrubbing floors, whatever, we got paid.<br />-WhitneyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8465887551310827456.post-59609747943221786352010-07-08T16:15:34.076-04:002010-07-08T16:15:34.076-04:00@Financial Bondage - I think that Sassy would unde...@Financial Bondage - I think that Sassy would understand what you are saying. But Bossy....not so much. Autistic kids have a hard time with blurry lines. But I think he will understand the main concept....and the job jar.<br /><br />Any one have some suggestions for the job jar???Mystihttps://www.blogger.com/profile/17496508600320205581noreply@blogger.comtag:blogger.com,1999:blog-8465887551310827456.post-51972309313481741632010-07-08T15:52:12.261-04:002010-07-08T15:52:12.261-04:00Not all jobs need to be paying jobs. some things a...Not all jobs need to be paying jobs. some things around the house should be done for free, because the kids live there. Other chores they do and get paid for. Larry Burkett has some pretty good teachings on this area. <br /><br />Job jar sounds like a neat idea.Financial bondagehttp://financialbondage.orgnoreply@blogger.comtag:blogger.com,1999:blog-8465887551310827456.post-28649495608624530402010-07-08T08:34:03.985-04:002010-07-08T08:34:03.985-04:00@Red - I think that is one problem with the pay fo...@Red - I think that is one problem with the pay for work....unless you instill a proper work ethic, people will only work because they want the pay. And if they don't need the money...they tend to slack.<br /><br />@Financial Bondage - This is one area that I veer from Dave. While I do think teaching kids how the real world works, I don't necessarily think that an allowance should be tied to doing things around the house that are part of helping out as a family member. This is why I am considering the job jar...where this is pure work for cash. Don't do a job, don't get the money.<br /><br />And as for job well done....that one is subjective. My kids are only going on 8, and with a special needs child...."done well" is in the eye of the beholder.Mystihttps://www.blogger.com/profile/17496508600320205581noreply@blogger.comtag:blogger.com,1999:blog-8465887551310827456.post-41962978683985883272010-07-08T06:12:28.179-04:002010-07-08T06:12:28.179-04:00When I was a kid, my mother gave me money to spend...When I was a kid, my mother gave me money to spend at the video arcade every weekend. $10 or so. <br /><br />She meant well, but it taught me nothing about money or how to handle it. It did not teach me about working and earning money. Had I worked for this money, I would have thought twice before spending it- likely would have even saved some for things I wanted. <br /><br />I agree with Dave Ramsey- kids should be put on commission. Work get paid, don't work you don't get paid. Just like the real world works. Give kids jobs around the home. Some jobs they do because they are helping the family. Other jobs you can pay them for it. Pay for completed work and work that is done well.Financial bondagehttp://financialbondage.orgnoreply@blogger.comtag:blogger.com,1999:blog-8465887551310827456.post-51462684616812561012010-07-06T22:13:42.053-04:002010-07-06T22:13:42.053-04:00I like the idea of getting CDs for the money that ...I like the idea of getting CDs for the money that is already in their banks. You'll get a better interest rate that way.<br /><br />I especially liked your thoughts on allowance not being for doing chores. My parents used that system, and it backfired in a big way. My brothers would not do anything around the house until they needed money. And my parents would give in because they wanted the chores to get done. Not a good system at all!Anonymousnoreply@blogger.com