We do half their age every week.
by Kate98 (2018-10-16 11:11:16)

In reply to: Seeking ideas on allowances for kids, aged 11 and 9  posted by Giggity_Giggity

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Set up an excel spreadsheet that calculates it and the kids can access it online to see what they have or to see how long they will have to save to afford something. We can also easily add monetary gifts from family from their birthdays and Christmas. My 10 year old is a saver, with over $550 in hers, while her brother who is 13 can’t resist spending like a sailor. My 17 year old makes extra babysitting for us and others. Luckily our 3 year old doesn’t really understand money yet, but eventually, we’ll add her to the spreadsheet too.

At what age did you start?
by debo  (2018-10-16 11:36:01)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Reply to Post

I have a 4 year old who is starting to show in an interest in money ("Dad, can I have the change on your dresser?"). Do you think that's too early to start?

We start whenever they start understanding
by Kate98  (2018-10-16 13:55:14)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Reply to Post

that things cost money and want things I think are garbage... haha! So 4 years old sounds just about right.

Ha! Exactly.
by beattherush  (2018-10-16 16:19:12)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Reply to Post

I think the 463rrd stuffed animal is a waste of money. But it's not my money.