We do half their age every week.

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

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.

Replies:

At what age did you start? - debo 2018-10-16 11:36:01
- We start whenever they start understanding - Kate98 2018-10-16 13:55:14
  - Ha! Exactly. - beattherush 2018-10-16 16:19:12