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How do you pay your kids?

post #1 of 11
10/6/06 at 11:20am
Thread Starter 
Do you give them an allowance?

Do they work on "commission"? (Like I will give you a $1 if you do this)

Or do they just do what you ask because you are the parent?
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post #2 of 11
10/6/06 at 11:54am
Mostly they just do as I say cuz I am the parent. But if we have an extra amount of chores that need to be done then I give them extra tv/game time.
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post #3 of 11
10/6/06 at 12:57pm
My DH & I think giving our kids an allowance is a good way for them to learn about earning money and managing it. My oldest (6) has to clean the kids' bathroom and keep his room picked up (not spic-n-span clean, just neat) and he gets $2. My daughter (3 1/2) gets $1 for helping out with their younger brother. As they get older, they'll have more they have to do and will earn more. When they want something, a toy or candy usually, they use their money for it.

We are going to be opening an account for our oldest soon where he will deposit his allowance money into it once a month. He'll get a statement each month that we will help him balance and he'll see that his money is growing and hopefully it'll teach him about saving and how important it is. He's already excited about the fact that the bank "pays" you for using your money each month.
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post #4 of 11
10/6/06 at 1:03pm
Well, my kiddos are too young for $$ management, so I just give them lots of encouragement and hugs & kisses for anything they do. If they need anything I get it for them. We do put some $$ in their banks from time to time & are going to open bank accounts for them.
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post #5 of 11
10/6/06 at 2:19pm
I personally don't think it's right to give kids money for doing things they need to be doing anyway. I mean, they need to know no one is going to pay them to keep their own homes clean once they move out. That being said.. we do give them money from time to time and will start giving them more for doing chores. Why? because it's easier and it works. There is a lot less whining about it when they know they're getting paid for it.
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post #6 of 11
10/6/06 at 9:04pm
Darien has chores and gets $1.00 a week.
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post #7 of 11
10/6/06 at 9:50pm
No allowance yet but I may start that soon.
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post #8 of 11
10/6/06 at 10:32pm
None here yet either. I am kinda with Shona on this that I don't think they should get paid to do things that they need/should be doing anyway.
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post #9 of 11
10/8/06 at 9:40am
I agree Kim. My dd is a little young for an allowance. her daddy is teaching her to recognize coins and bills and how to count money. She finds it fasinating. Uh Oh! I'm in trouble!
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post #10 of 11
8/11/10 at 8:38pm

Re: How do you pay your kids?

I don't force the kids to help and do chores, I don't have to. I taught them good home value's when they were young and they know how important it is for a family to function with everyone doing their part. That being said, We do pay them for cutting the grass, washing the cars, or babysitting. Stuff like that though they would do it for free. They know the value of money cause we don't spoil them and they know that if you want something you need to work hard for it. Everything they have they have earned. I guess this approach is why the oldest has scored a 2240 on her SAT's and is on the National Honor's Society. Being firm and tough brings great results.
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post #11 of 11
11/23/10 at 11:49pm

I somehow disagree with the reward system policy especially the idea of "I'll give your $ if you do this". I think that will teach the kids to depend on "pay" whenever you ask them to do some chores which is a bad training (well, that is my own opinion). However, I do give them rewards especially when they do something good but definitely not money.

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