How much allowance do you give your kids?

Capitalism is great!

 

We give our 5 year old 3 dollars a week to put his socks in the hamper, put his dishes in the sink, and various other small "chores". He uses it mostly to buy legos. Lol

 

Thats where my boys spend it. LEGOs

 

$25 an hour then was great money.
Id say you made out on the good side. Sure it was work but I know people that bust there ass doing the same shit for less.
Good ole Commifornia

 

My parents used the $5 forced saving model - I would get $5 a week as long as I behaved for my grandparents and did chores around the house when asked - any severe infractions or violations would result in no allowance for weeks. If I spent any of it, I wouldn't get any of that change for that week - so a $3 blockbuster game rental actually was $5 to me (rightfully so since obviously there are sales taxes, and also my dad's time to return it on Monday). I eventually got it. My parents could have, but didn't factor in clothing or that 2nd pair of sneakers in the middle of the school year though...

I've heard of the itemized spreadsheet chore model - seems interesting, but smart kids will figure out how to avoid doing tasks they don't like such as taking out the garbage, and then repeat easy-to-do tasks like washing the dishes over and over and over to drive up their allowance.

I'll probably use the good grades & basic chores system on my daughter, and induce an artificial scarcity model (you might be able to afford it, but should your really be buying it in the big picture) as well as warehousing model where she'll only be allowed to have X amount of stuff before we start saying No because there is no shelf or floor space. She'll need to figure out how to get rid of that stuff herself, or she otherwise can't acquire anything new, and she'll need to pay for inventory space if she does acquire new stuff.

$20 per week, with special rules and conditions and task work built-in, is probably the new reasonable allowance for middle class and upper middle class.

 

That's smart. And will be rolled into our model effective immediately! Thanks for a great insight.

 

Legos are expensive !

 

We do that

When they get a new toy, they have to donate an old toy

 

Oh yea it was great money I had to buy my own clothes out of it my parents bought my sports equipment and school supplies and my dad always go me a new pair of work boots every six months. If I didn’t have baseball basketball or football I was on the job sites

 

Always have been.
Just like micro machines where

 

At least you were making money to buy clothes all my shit were hand-me-downs from family and friends sometimes had holes and stains in it not to mention the bowl cut that I rocked year round lol.

It sounds like work ethic, and being raised to have gratitude for even the smallest things is best in life no matter how messed up it seems. And we learn from those mistakes and try not to do the same.

 

I had a huge collection of those micro machines.

 

My favorite was the military collection.

 

Yup, I had a few of them too

 

I used to get $5 a week until I was probably 11. After that, I got paid to pick up the dog shit. $1/lb we had a big dog so it was 10-12 bucks a week. Got a job when I was 15, worked year round as a lifeguard.

 

Dude i wanted the warthog for so long

 

Never even heard of a micro machine till this thread....

I guess that is what being poor was all about..and no internet..we didn't know things that existed..

 

Had the commercials with the guy that talks really fast. I never owned any of those but had stomped, battery operated 4x4

 

I use to step on my little brothers micro machines every time. Worst then stepping on legos

 

In my house it's more like how much allowance my wife and kids give me.