Jump to content

Allowances, pocket money and going rates


  • Please log in to reply
31 replies to this topic

#1 Feral*Spikey*

Posted 19 July 2013 - 05:49 PM

Help me oh wise ones of EB!

Until recently, DD's allowance, if we were to call it that, was taken care of by me buying her a toy while we did the weekly shop.

Circumstances have changed, and DH now does the shopping, during the week when DD is at school.

DD makes her own bed, and packs her bag, takes care of her washing (putting it in the laundry basket and putting the clean stuff away), as well as helping tidy and a number of other small chores.

We want to give her an allowance or something, so she gets more familiar with money (no canteen at her school, so scope for using money is limited), and the idea that chores are worth something.

Share with me (and DH) your best ideas, rates, and thoughts on how much we should give DD, how we might work it out, and how do you make it a learning experience!

Neither DH or I got pocket money as kids, so it's not something we're terribly familiar with.

#2 Poss and Soss

Posted 19 July 2013 - 05:55 PM

What age?

#3 Mrs Lannister

Posted 19 July 2013 - 05:57 PM

Rough guide is $1 per year so a 5yr old $5, 10yr old $10 etc

#4 CallMeFeral

Posted 19 July 2013 - 06:10 PM

I give my 3 and 4 year old their age in dollars, per week.

#5 CallMeFeral

Posted 19 July 2013 - 06:14 PM

Oh as for making it a learning experience question, a money blog I read called simple dollar has some excellent suggestions.

http://www.thesimpledollar.com/2013/04/27/...owance-lessons/

http://www.thesimpledollar.com/2012/03/20/...llowance-79365/

However my kids are still getting used to the concept of saving and spending, so I don't yet do what he suggests (a portion for saving for the future, a portion for charity, etc). I hope to move to that later.

#6 ///

Posted 19 July 2013 - 06:43 PM

What age would you start pocket  money.

#7 IShallWearMidnight

Posted 19 July 2013 - 06:56 PM

QUOTE (CallMeProtart @ 19/07/2013, 04:14 PM) <{POST_SNAPBACK}>
Oh as for making it a learning experience question, a money blog I read called simple dollar has some excellent suggestions.

http://www.thesimpledollar.com/2013/04/27/...owance-lessons/

http://www.thesimpledollar.com/2012/03/20/...llowance-79365/

However my kids are still getting used to the concept of saving and spending, so I don't yet do what he suggests (a portion for saving for the future, a portion for charity, etc). I hope to move to that later.

excellent links, thanks!

#8 Feral*Spikey*

Posted 19 July 2013 - 08:25 PM

Oops. She's nearly eight.

#9 Jen1

Posted 19 July 2013 - 09:01 PM

Free.  biggrin.gif

#10 EsmeLennox

Posted 19 July 2013 - 09:16 PM

Our kids have set chores and get paid $30/month, so roughly $1 a day. Of that though, $10 must be banked, so in their pocket they get $5/week.

#11 FeralProudSwahili

Posted 19 July 2013 - 10:13 PM

My 6 year old gets $1 a week.

I'm stingy, but until I get better value for my money, $1 a week it is.

#12 Justaduck

Posted 19 July 2013 - 10:23 PM

Apparently kids are getting nearly $50/wk for two hours chores! Send me to their house, I will do odd jobs for $25/hr

http://www.news.com.au/national-news/south...4-1226679875249

#13 Jaffacakes

Posted 19 July 2013 - 10:29 PM

My DD (almost 6) started getting pocket money at the start of the year to help familiarise her with the concept of saving, spending, banking (which they do at school) etc.

So gets 50c for each of her two assigned chores that she does (so up to $1 per day). DS1 (who is 3 and has no idea about it all really), gets 50c per day for his one assigned chore.

#14 harryboy

Posted 19 July 2013 - 10:30 PM

My son turns 9 soon and I am thinking I will start to give him $5 per week for a few basic chores. Up until now he has needed very little and when he has wanted something I have sold something he no longer wants on Ebay for him to use that money. Personally, I can't fathom what say a 5yr old would do with $5 every week....to me it just encourages them to buy stuff they don't need.

#15 EsmeLennox

Posted 19 July 2013 - 10:33 PM

My 6 year old tends to save his $5/week up and then buys one larger thing with it - at the moment he's saving for an octonauts toy which retails for about $70. He has also in the past saved for lego sets etc. Sometimes he buys craft supplies too.

None of my kids tend to spend their pocket money on lollies or crap, they tend to save and buy something larger. DS1 spends his life saving for fishing equipment, DS2 is saving for a 3DS.

I guess you can argue that they don't 'need' some of these items, but what they are learning is that you can't have something the second you want it and that things that they want have a value. I think that's a pretty important lesson, even for a 5 year old. wink.gif

Edited by Jemstar, 19 July 2013 - 10:35 PM.


#16 2bundles

Posted 20 July 2013 - 06:55 AM

Mine get $5 a week. They are 8&10.

Ds mostly saves his, dd mostly spends hers on rubbish.

They probably should do and get more, but they don't ask.

#17 lottie9

Posted 20 July 2013 - 07:01 AM

We don't link chores to pocket money. I expect the kids to do chores as part of their family responsibility.

For us, pocket money is more about learning to budget and make choices about spending, rather than about the idea of earning money.

#18 bahalee

Posted 20 July 2013 - 07:41 AM

Mine only get 40cents a day for 1 small chore in addition to packing up, making beds. They only get it if they do their chores. If they forget can't be bothered or don't do it properly, no payment.

I want them to learn you have to earn money and to take pride in work and to work hard if want something. If they do extra chores such as collecting firewood for a couple of hours, they get $5. Sometimes they ask for extra chores to earn for a toy they really want.

Mine also have a save month and a spend month but if saving for big thing spend money gets put aside. Can't spend from bank acct as want that to be for future. I put $10 a month on top of their earnings in bank accts.

Mine are 9, 7, 6 and 3. 3yo hasn't really started on chores yet but will soon. Will increase rate once their chores increase.

Edited by bahalee, 20 July 2013 - 07:42 AM.


#19 SisterMaryElephant

Posted 20 July 2013 - 09:11 AM

Mine don't get any.  They are 10 and nearly 8.  They do get birthday money from grandparents which they choose to either save or spend on what they'd like. And tooth fairy money. They do have a good concept of value and any big ticket items they really want they can wait for their birthdays.


#20 AngryBird

Posted 20 July 2013 - 09:20 AM

No pocket money for chores in our house - we all do the housework because we all live in the house! If you don't want to empty the bin/wash the dishes/unpack the dishwasher you are welcome to not put rubbish in the bin/use clean dishes!

Our older boys get paid for walking the dogs and cleaning up the dog poo. $3 per dog per day/every time it's done. We did this because at 13 and 10, it gives them the opportunity to develop it into a small business in the future, if they want to. (dog walking)
The younger kids often bargain certain extra tasks for "marbles" which equate to dollars. I don't offer them but at 7 and 8, they know the older kids are getting paid and want to get in on the action as well.

One thing we do with payment though, is have a once a month "pay day". Last day of the month is pay day and whatever they have accumulated over the month is tallied on that day. The first day of the next month is shopping day, when they can spend what they have earned. So they "save" all month, and don't often spend the month's worth in one day. Sometimes they'll pay me during the month for a $1 ipod app, which is fine but actually going out and shopping for "stuff" is confined to once a month. This usually means they save up for stuff.

#21 Ice Queen

Posted 20 July 2013 - 09:25 AM

DD is 4 and she now gets $4.  We only just started.

I am often spending money at Smiggle and the shops for small things (not every time but occasionally) so now this is where those treats will come from.  She is in a very 'I want, I want' mode at the moment which drives me mad at the supermarket as I refuse to indulge her every single time I set foot in a shop.  She now can learn the value of how much things cost ad only buying things she really really wants.  So no more cheap rubbish is being bought than before and I am hoping it will actually reduce.

And yes she has to help me more during the week.

#22 tenar

Posted 20 July 2013 - 12:25 PM


We give $4 to our 4yo and $2 to our 2yo (not that the 2yo can use her money, she just wants something to post into her piggy bank.

We got them both a Money Savvy Pig piggy bank when DD1 turned 4.  It has slots for saving, spending, investing and donating.  We are working on DD1's understanding of the idea of spending money vs saving money.  We started when she turned 4 because it's so simple and concrete to give her 4 $1 coins - one for each slot.  

We don't tie money to chores in this house because we believe it's more important to understand how to deal with money once you have it (ie save/spend/invest/donate) and because we think everyone in the household should do chores according to their ability anyway - it's part of the deal of living in a family.

#23 Chocolate Addict

Posted 20 July 2013 - 01:53 PM

We have a chore chart - it is stuff that should be done anyway, make bed, bring plates/cups in, put clothes in laundry etc.. but it is an incentive to get him to do it, he takes after me and is a bit lazy. lol

The chart has about 7 things listed and it is his job to put a tick in each box that he has done. At the end of the week he gets paid 20 cents for every tick.

He has potential to earn something like $20 but the most he has earnt is $10.30 and that was a one off, he normally gets between $3.60 and $5. If he doesn't tick it by Sunday morning then it isn't included, even if he did it.

He hasn't ticked anything this week so will not get paid. He can do what he wants with his money, he doesn't eat 'junk' food so usually buys a small toy or saves up for something bigger.

We also do school banking, which we bank $3 a week.

#24 Diana Moon Glamper

Posted 20 July 2013 - 02:01 PM

My 3 3/4 year old DS gets $2.50 a week so long as he is good at pre-school.

It is about him learning about money, and the whole currency exchange for products. He knows a lolly-pop costs him the big silver coin, and he can get a car for the little gold one.

Most weeks he saves $2.00 in his money box and just buys the lolly-pop. He hasn't yet worked out saving to buy bigger things, but we'll start teaching that soon.

#25 kazzamama

Posted 20 July 2013 - 02:34 PM

We have a velcro chore chart, with stars to stick on various chores. DD (3 1/2) and DD (almost 2) can both earn stars by helping with putting away clothes, tidying up, helping set the table, etc. This is usually voluntary - I don't expect much from them at this age (although I do generally expect some level of tidying their toys). After they collect 5 stars, they can (and usually do) redeem them for TV time. This way we are minimising TV, which seems to make them quite naughty if they watch too much. Sometimes I let them have 'free tv', if I really need to have some time to myself or need to get something done!
They love to put our spare change in our money boxes, but don't get pocket money yet. I like the idea of giving money for good attitude and initiative rather than for chores, which I think should be expected of anyone living at home. My dad didn't give us pocket money for chores, but would every so often slip me $20 if I happily did the dishes or vacuuming without being asked. So I managed, and learned that attitude goes a long way.
Likewise we don't give our DD a star if she is screaming and carrying on while packing up, but she might get 2 stars if she does it happily and without being asked. She sometimes gives me a big smile as she's putting a toy away and says 'look mum, Happily!!'  biggrin.gif
I think maybe we'll transition to money rather than stars when DD starts school... she's quite happy at the moment with stars and TV for currency!




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users

 

'I will defend my son's right to wear a tutu'

Three-year-old boy Roo likes to wear tutus and, until now, it hasn't been a problem.

Chinese sign up toddlers for chief executive classes

CHILDREN as young as three are being enrolled in "chief executive courses" in China as pushy parents become obsessed with giving their offspring an advantage over their young peers.

Free ticket offer

Pinky Mckay joins us again at the Essential Baby & Toddler Show presented by Blackmores with her expert baby settling advice. Register now for your free ticket.

The 'best little baby' and the police officer who rescued him

"And just in my head, I'm a father myself, and I couldn't sit there and let him ... I couldn't let him sit in that."

Olympian sells medal to pay for child's cancer treatment

An Olympian has sold his medal to help fund cancer treatment for a 3-year-old boy.

Family of mum who took her own life speak out about PND

From the outside it looked like Allison Goldstein was blissfully happy. She had a new baby, a loving husband, and was part of a close knit-family.

For the festival lover in all of us

Pre-book & Save 50%. Get your tickets now for Kidtopia Festival. 7-9 October 2016 Parramatta Park, Sydney.

BuggyCart solves the dilemma of shopping with a pram

Ducking to the shops for some groceries is a whole other ballgame once you have a baby.

Viral photo shows powerful moment before second baby's arrival

While our second baby was very much wanted, I wondered if I could love another baby as much as I loved my first.

What does a baby with whooping cough sound like? Sometimes like this

It's a heartbreaking video that's difficult to watch, but that's just what Sydney mum of two Sandra wants people to do.

Cheers! Why we're all happy to be bad mothers now

A new generation of mums is resisting the pressure to be "perfect" - and revelling in their naughty side?

Dealing with mealtime fussiness: mums share their tips

It can be frustrating, worrying, and turn into a battle of wills - but it doesn't have to be like that

Why having a puppy is like parenting a child

Despite being a dog owner and a parent, I've never been able to relate to the idea that the two have many similarities – until now.

Baby Joey is sleeping star in adorable photos

When photographer mum Laura Izumikawa puts her baby daughter down to sleep, the last thing on her mind is rest.

The necessity of 'Do not disturb' signs for napping babies

Needless to say, the last thing any mum wants is for someone to loudly knock on the door and wake their sleeping cherub.

Mum's brutal truth about c-section: 'This is not the easy way out'

A new mum has shared photos of her caesarean section scar to prove she did not "take the easy way out" when giving birth to her son.

Twins give birth in same hospital just hours apart

Leanne went into labour on July 28, and remarkably, her twin sister Natalie soon followed.

Goki Ride-On cars for toddlers

Toddlers just love to ride on anything with wheels but will often reject the pram once they can walk.

Letting your health slide as you look after the kids? Here's how to get out of the trap

It's time to start prioritising our own health, as well as the health of our children, to avoid longer lasting health challenges.

How to child-proof every room in your house

A guide to making your home a safer place for little ones.

Portable pool safety reminder after toddler's death

The drowning of a Hobart toddler has prompted a coroner to remind the community that even inflatable and portable pools must be fenced.

I have a clingy toddler - help!

"Nothing stops the clinginess - he cries when I put him down, no matter how long I hold him."

Woman sues after botched termination leads to motherhood

A 23-year-old mother is suing her GP and the public health system for thousands of dollars to support her son after her termination went wrong.

 
Advertisement
 

Top 5 Articles

Advertisement
 
 
 

What's hot on EB

For the festival lover in all of us

Pre-book & Save 50%. Get your tickets now for Kidtopia Festival. 7-9 October 2016 Parramatta Park, Sydney.

Ex-Perth model stuck with 12kg leg after limb doubles in size during pregnancy

"I often have strangers coming over to me when I'm out asking bluntly what's wrong with my leg. I often just laugh now and tell them I've been attacked by a shark and walk off, it definitely stumps people."

Same sex couple 'blessed' with triplets via surrogacy

They feared they would never get to be parents, but a same sex couple is now adjusting to life with newborn triplets.

Should children be given antibiotics in their first year?

Here are the the pros and cons of giving antibiotics to young babies.

Baby born on mum AND dad's birthday

The birth of a baby is always a special occasion, but one couple who welcomed their first child earlier this week had more reason to celebrate than most.

The joys (and benefits) of show and tell

Show and tell has been around for donkey's years. Well, at least since I was a kid, and according to my own children, I'm pretty old.

Loyal dog dies saving baby's life during fire

A baby was rescued from a house fire after her family's loyal dog used his body to shield the little girl from the flames.

How having a young baby or toddler changes your home decor

What to expect when living with an older baby or toddler - and how to manage the chaos.

I'm trying to keep my child-free friends in my life, but it's tough

I tried to prove to my single friends that I was the same I'd always been. But marriage did change me - and motherhood has, too

'There's a giant picture of BOOBS but I can not feed my child'

A mum was ushered out of an US department store's underwear section after discreetly breastfeeding her baby.

How baby Evelie was saved after being born without a heartbeat

Bethanie Millar didn't believe in miracles - until baby Evelie was born, that is.

How an Aldi staff member made one exhausted mum's day

It was a simple act of kindness, but one that made an exhausted mother's day.

OvuSense: the new internal monitor helping predict ovulation

When a couple is trying to conceive it is easy for a woman to become obsessed about when she ovulates.

Mum-to-be surprises husband with big news in joy-filled photoshoot

When Bri Dow learnt that she was expecting, she immediately knew she wanted to break the news to her husband Brandon in a special way.

How a homemade wheelchair is giving baby Evelyn freedom

Like all one-year-olds, Evelyn Moore is keen to get moving and explore the world around her. But a battle with aggressive cancer left the little girl paralysed from the waist down.

Adorable: App captures special moments of pregnancy and motherhood

There's something about motherhood that turns even the most reluctant photographer into a keen shutterbug as they strive to capture all the best moments of life with a baby.

Dad shares horror tale after Roomba's run-in with dog poop

It's the poop story that's been shared hundreds of thousands of times around the world.

What I miss about commuting

A recent long commute for a job reminded me there are some potential positives to the experience.

 

SYDNEY SHOW - 23-25 Sept

Essential Baby & Toddler Show - Sydney

The Essential Baby & Toddler Show, presented by Blackmores, will be held in Sydney on 23-25 September. Register for your free ticket now to save $20!

 
Advertisement
 
 
Essential Baby and Essential Kids is the place to find parenting information and parenting support relating to conception, pregnancy, birth, babies, toddlers, kids, maternity, family budgeting, family travel, nutrition and wellbeing, family entertainment, kids entertainment, tips for the family home, child-friendly recipes and parenting. Try our pregnancy due date calculator to determine your due date, or our ovulation calculator to predict ovulation and your fertile period. Our pregnancy week by week guide shows your baby's stages of development. Access our very active mum's discussion groups in the Essential Baby forums or the Essential Kids forums to talk to mums about conception, pregnancy, birth, babies, toddlers, kids and parenting lifestyle. Essential Baby also offers a baby names database of more than 22,000 baby names, popular baby names, boys' names, girls' names and baby names advice in our baby names forum. Essential Kids features a range of free printable worksheets for kids from preschool years through to primary school years. For the latest baby clothes, maternity clothes, maternity accessories, toddler products, kids toys and kids clothing, breastfeeding and other parenting resources, check out Essential Baby and Essential Kids.