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Friday, July 28, 2017

Allowances By Trisha Roberts

Should you pay your child an allowance?  There are many views on this, but here is my take.

Let me start first with a basic premise:  Children are a part of a family, and a family works together and plays together.  There are tasks that need to be done for the family to function well, and each person should have tasks assigned to them.  No one pays Mom to make supper or do the grocery shopping—it is an act of love that benefits the family.  No one pays Dad to mow the lawn or change the oil in the cars—it is an act of love that is done because he loves his family and cares for the needs of his family.

Doing chores as part of a family

Family fun

When the family goes somewhere, everyone benefits.  Meals are purchased, park entrance fees are covered, hotels are paid for, etc.  No one asks their young child to pay the toll on the Turnpike!  Things are covered because the family is on an outing or going about life in general.  It is understood that the cost is absorbed by the family budget.

My Philosophy:
So….my philosophy is that all children should be given tasks appropriate for their age, just because they are part of the family.  Tasks and chores help develop character and independence. (See my blog on, “How to Develop Independence in Children”.)  As children age, their responsibilities in the home should keep pace. I do not think children should be “paid” for doing what needs to be done to care for their toys, clothes, or other household needs.  These are things that will need to be done all of their life and are building blocks to independent living.

Clean up is a good skill to teach early

Doing laundry is a lifeskill that can be taught early

Children can be given a set amount of money for their own use, an “allowance” if you will, just because they are part of the family, but I don’t think that it should be because they have, “done their chores”. It is because they are part of the family, not tied to completion of tasks.  Giving children an allowance will also give them experience in using money wisely (see below).

Teach children how to wisely save and use money

Earning Money:
It is important to teach children the value of money—how to earn money, save money, and invest money. The old adage holds true, “Money doesn’t grow on trees.”  Money is earned.  If a child holds out their hand and instantly it is covered in a greenback, it teaches children to depend on others and does not teach the correlation between work, income, budget, and spending.
Therefore, I believe that children should have the opportunity to “work” and get paid.  Beyond their regular chores, children should be offered “jobs” around the house that are extra and have a monetary reimbursement attached.  Some things that could be on the list each week:  clean the refrigerator, sweep the garage, clean the oven, wash walls, weed the garden, dust the mini blinds, water the garden, etc.  Children can choose which jobs they want to attack; they are paid when the job is completed and passes adult inspection.

Extra choresExtra chores for additional money

Extra chores should match a child's ability to perform

Teach Children Wise Use of Money:
Children need to learn that every penny that comes into their possession should not be immediately spent on their personal consumption. We follow the 10-10-80 principle.  Ten percent of income (whether allowance or payment) should be donated (to a church, synagogue, or charity), 10 percent saved (in a piggy bank for young children or in a savings account for older children), and 80 percent used for expenses.  If children want a special toy, DVD, article of clothing, or activity, they should be encouraged to save the 80 percent until they have enough to purchase the item.

Kids need to learn early how to manage money

Dont' spend all of your money at once

Additional Tips and Advice:
When on vacation, we always bought one T-shirt for everyone and then gave each child a set amount of “spending” money.  They were free to purchase a souvenir or other items during the vacation.  They could also bring more of their saved money to spend, but there was to be no begging and pleading for other things or more spending money.  This prevented many a headache!

Older children can be allotted a set budget for specific items and then given the freedom to use that money wisely.  For instance, teenagers could be given a set amount of money to spend on clothing or school supplies.  They can buy what they want, but when the budgeted money is gone, additional shopping is at their own expense.

An allowance should be graduated according to a child’s age.  You might want to use a formula of $.50 or $1.00 per year of age so that a 5-year old would get $2.50 (or $5.00) a week and a 10-year old $5.00 (or $10.00) a week.

Personal Anecdote:

Our older children were offered a summer job de-tasseling corn for a large seed company in rural Indiana. It was a hot, scratchy, tiring job.  They earned a considerable amount of money for this “first job” experience, but our son learned a very valuable lesson later that summer that was worth way more than the paycheck!  We were attending a county fair as a family. There was a booth that offered helicopter rides for a fee.  Our son turned to his dad and asked to ride the helicopter.  His dad told him, “You have money now. You can pay for this.”  Our son mulled this over in his mind and declined the opportunity after reasoning and calculating how many hours the 15-minute ride would cost him in terms of the back-breaking labor he experienced earning that money!

MORAL:  When YOU have worked for the money, more time and discretion is used before it is spent!

Blog Administrator:  Trisha Roberts

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