See, when you have four children and you are a fair parent, as we try to be, one $5 little gadget that isn't anything much, turns into $20 and four little gadgets that aren't anything much. If you buy for one, you can't help but buy for all.
I am not trying to brag, but we have pretty well behaved children, they do any chores we ask, and more often than not it is without any whining. I know, right? Blessed we are.
OK, ok back to the whole allowance thing..Brian and I had come to the conclusion that in order to keep our sanity while at a store and to keep from being nickeled and dimed to death, allowances are going to be necessary. I had been reading a thread on a mom's forum I go to regularly about allowances and how different families determine the amount each child receives, so we decided to go with "half their age + $2". Got it? Make any
So here is how it goes:
Oldest daughter is 11, she receives $7.50 (half of 11 = $5.50 + $2= $7.50)
Middle daughter is 8, she receives $6 (half of 8 = $4 + $2 = $6)
Son is 6, he receives $5 (half of 6 = $3 + $2 = $5)
Youngest daughter is 3 and she receives $3.50 (half of 3 = $1.50 + $2 = $3.50)
I like this method because they can see that age has its privilege and they know that with each birthday their allowance will increase.
I also like it because I can take them to the store with me now without having to give the "don't ask for anything, we are just running in to get a couple of things, we don't have time to look at toys, I know you just want to look, but really we can't buy anything" speech. They have their own money, to give, to spend and/or to save.
Here goes to teaching some financial responsibility (or at least try)!!!
BTW, we will still provide all their needs, I promise!