I never used to pay my kids allowance. There is a lot of work to be done to keep a home running and part of being a member of a family is doing your fair share around the house. That was my philosophy. So the only way they got paid for chores was if they asked for, were assigned, and completed an extra job.
Surprisingly, no one really asked for these extra jobs on a consistent basis.
I realized that by not giving them an allowance, that I wasn't creating a situation to teach them about tithing, money management and financial obligations.
So we started paying them a weekly allowance that is equal to the amount of daily and weekly chores that they are assigned. I pay them the last Saturday of the month (I can remember it better like this- kind of like a bill).
Well, the boys have been getting invited to a lot of b-day parties- much more than the girls. They each got invited to a friend's party Friday night. All of these parties were getting old. So I put a new rule into place.
If you get invited to a birthday party and would like to attend, you are responsible for buying the gift. I thought this might deter the boys from wanting to go on Friday. Nope. They ponied right up! They each gave me $10 (all the money in their bank) to get a present for their friend.
At first, I felt a little guilty since I don't know any parent who makes their five year old pay for their friend's present. But then I realized that this helps them learn exactly what I wanted them to learn in the first place by paying them an allowance.
So tough or not- this is way we're going to roll when it comes to friend's birthday parties.
(Side note: Isn't it funny to watch how each child saves or spends their money? It's like an inherit trait or something. Haylee is our saver (she has over $50), Alex is our spender, too soon to tell about Logan, and Hannah has figured out that quality matters so while she doesn't save just to save like Haylee- she will save for a specific item rather than buy the first junky thing she sees at Wal Mart.)
4 years ago