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If you have children and they have an allowance, how much do you give them per month?

Teaching kids the value of money and how to manage it is one of the most important life skills that they’ll need. If you give your children an allowance, how much do you give per month? Do you and your family put other restrictions or rules around that money and how it is used?

Less than $25 (39.5%)

$25-$50 (15.5%)

$50-$100 (4.5%)

$100-$150 (0.9%)

More than $150 (0.7%)

I don't give my kids allowance (39.1%)

If you have children and they have an allowance, how much do you give them per month?
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60
  • tribbs78 By tribbs78
    on Oct 07, 2010  

    My kids don't get an allowance. They are expected to help out around the house and do well on their school work. I don't think bribing them with a cash incentive is a good life lesson to teach them. My 2 cents.

  • CJLCJD By CJLCJD
    on Oct 07, 2010  

    Paid $1.00 for every year they are. Chores increase appropriately with agel. Deadline is dinner on Sunday nights - if chorse aren't done - no payment that week. As the amount increases, so does" their purchasing". The items that come up during the month that they want that are deemed "wants' not "needs" are paid from thier own pocket. Makes them reevaluate how badly they "want" something and teaches them about time management and deadlines.

  • purpleflower By purpleflower
    on Oct 07, 2010  

    Neither my husband or myself got allowances while growing up. We both got paid for doing work around the house - no work, no pay. Since we both think it is important to teach our son the value of money and the importance of having a strong work ethic, we pay him an hourly wage for work he does around the house/yard. When he was real young we paid $2/hour, this increased to $4, and now we agreed to pay minimum wage (our son is 14). As someone mentioned, not every household chore gets compensated - we believe every family member is expected to contribute to the maintenance of the household.

  • THORBLITZER By THORBLITZER
    on Oct 07, 2010  

    I think it depends on age to an extent. A five-year-old doesn't need a lot of money, but it's good to get them started with some financial management. On the other hand, a 13-year-old has many things to spend money on (plus, he's old enough to mow the lawn, clean gutters, etc. for the big $$).

  • lulupes By lulupes
    on Oct 07, 2010  

    They do get an allowance but they have to earn it. If they donīt do their chores they donīt get it.

  • shomy76 By shomy76
    on Oct 07, 2010  

    2 teens. they each get 30 to 50 a month. they do alot to earn their money.

  • Radf4004 By Radf4004
    on Oct 08, 2010  

    My kids get an aallowance, but before they can spend anything, they have to donate so much to charity and put so much into the bank. They can spend the rest on whatever they want.

  • rvveler By rvveler
    on Oct 08, 2010  

    I have 4 children and another on the way. We only give the children money to match their age. IE Under 1 or 1, 1.00 a week etc. This works great for us.

  • tmichelle79 By tmichelle79
    on Oct 08, 2010  

    I give my kids $5 biweekly each. This is so they have their own money to manage. They know that if they want something big, they have to save that money for it. however, if they go somewhere, such as movies, or bowling, I provide the money for that. They do have chores to do, but that has nothing to do with the allowance. We all work to make our house a home.

  • steffyt By steffyt
    on Oct 08, 2010  

    When my older kids got an allowance I gave them each $20 a week. That money had to last them the entire week. They were not allowed to come ask for money to go to the mall, or the movies, etc. I wanted them to learn to budget and controll their spending while they were young. It worked for one of them, not the other. My youngest child is too young for an allowance now :)