always. That's what i say. I don't get nearly enough for the work i do.
Get a job working in the neighborhood, loan from a parent or save up your allowance(if you have one)
Allowance
Check out the Carer's Allowance. See the site below.
A kid should get at least 10 dollars a week if his/her parent works on a gas station
* Children should be made to do chores around the house to earn an allowance. No parent has to give a large allowance, but a fair one. Rule of thumb ... you work for the money! This teaches kids that they will have to work for what they want in the future and there are no free handouts.
It is really up to the parent and the money situation may have an influence on that. I don't nessicarliy agree with this, but a lot of children don't even have an allowance. So if a parent cuts the allowance to nothing, that is okay....and I agree with it. But if the parent gives the child an allowance but wants them to buy their own snacks, well, that is really just the parenting style. If money is tight, the child is going to have to make cuts just like the parent. But no one should force any child to sell recyclables. It would be a suggestion for a money making opportunity, but shouldn't be forced. Keep in mind this is just my opinion. The parent has the overall decision in the end.
I suggest a six figure allowance.
With money a bit tight these days an allowance raise might be difficult...many of us who are adults, and are also parents, have not had a pay raise in many years. Many of us are earning considerably less than we did in past years.However, if you are intent on an allowance raise, then do whatever you can to make yourself worth a raise. Do some extra chores around the home, do a few things without having to be asked, do better in your schoolwork, stop beating up on your little brother or sister. But, most of all, don't be disappointed if there is no raise...perhaps your parent(s) just cannot afford it. In that case, see if you can get a part-time job like a paper route, if you are old enough.Otherwise, just use your little bit of money the best you can...that's what the rest of us do. :) Just work hard for your family and things will get better...they always do.
The most common approach in determining the right amount of allowance for a child is to use the age of a child. By that approach, a 12 year old should receive 12 dollars per week if a parent decides to give 1 dollar per year. Another important determinant is the family income and what the allowance is supposed to cover. Therefore, the allowance will vary.
Yes this is helping them to understand nothing is free in this world. It is good for when they grow up and get a job too. They will not sit back and be a lazy oaf.
If you are a parent, one of the biggest responsibilities you have is teaching your kids about money. For many kids, their first exposure to money is their allowance. This has always been a tricky topic. There is no universal amount for an allowance. Every parent does something different. Regardless of how much money you give your kids for an allowance, you want to make sure you teach them about money. This means you can't just blindly give them money. Here are a few tips for starting an allowance program with your kids. The first thing you should do before giving your kids an allowance is discuss it with them. Like any other serious life talk, sit your child down and explain to them how an allowance works. You should state what you expect out of them, including any rules that may lead to a revocation of an allowance. You should also tell them how much of a responsibility it is. Most kids will appreciate your respectful approach. This discussion is an important part of teaching your kids about money. Another thing you should do is separate allowances from chores. Chores should be approached as something kids do as part of the family. Allowance shouldn't be pay for a job children should do. That's not say you shouldn't reward kids for major chores. However, an allowance should be more of an instructional tool than a reward for doing work. An important part of giving your child an allowance is teaching them how to save money. Before you give them their first allowance, open a savings account with them. Teach them how important it is save money and keep track of what you spend. If there is a toy your child wants, tell them that the best way to get it is to save their allowances. As a last tip, don't be afraid to let your child fail. You shouldn't jump in and make them save their money or deposit it for them. On the same token, don't give them any extra allowance. If your child blows their allowance quickly, that is good opportunity for a lesson. Hopefully, they will be more responsible when they get their next allowance.
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