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I feel like this topic can be a bit controversial. Some parents believe that allowances are a good idea and encourage kids to do chores. Other parents feel like the child then only wants to do things if they are getting allowances. I personally believe it all depends on how we give our children allowances. The question of should kids get allowances all depends on the parent.
I have personally given this some deep thought. I want my son to understand the value of a dollar. It is important to me that he knows he has to work hard for the things he wants, save up for them, and then realize how much his money can actually get him.
With that being said I do not want him to think he should be getting paid for things he should be doing anyway (more on that later). The truth is we are all just hoping that we are doing the best we can with our children, and a lot of us avoid allowances because we just aren’t sure about them
Why Kids Should Get Allowances
I kind of talked about this a little already, but I feel that allowances are important. I knew about money early on in life. My family didn’t have a lot of it and I knew how important it was to be smart with what you had. A lot of my friends were not so lucky. They were in debt before the first student loan was every taken out.
These kids going into the world on their own need to know the importance of managing money right. I believe when allowances are done right then they can teach our children this lesson. As parents, it is our job to teach out lovely children how to earn, save, and spend money.
When To Give Allowances
Of course, I believe that allowances shouldn’t be given for just anything. It is pretty obvious I feel the children should work for them but I also feel there are certain things that shouldn’t warrant a payout.
I personally feel that children shouldn’t receive an allowance for things they should be doing. What do I mean by that? I mean that they should not receive money for cleaning up after themselves or taking care of a pet that is theirs. For example, no allowance should be given for cleaning up their room. No allowance should be given for them putting their own clothes away or doing their own dish. They should clean up after themselves.
The reason I feel this way is that is we reward them for doing things they are supposed to do, then they feel as if they will always be rewarded for this behavior. That just isn’t true. Now we can argue all day long on what a child is and isn’t suppose to do, but I feel like this covers the basics within the house.
Now I feel a child should get allowances when they do something that is helping out but has very little to do with them. For example, if they offer to clean up all the dishes after dinner, then I feel that warrants a reward if the parents want to give one. Any yard work, or cleaning of the main house too.
I will say it is nice to think children should help their parents around the house without reward, but they are children. There isn’t much in life they can do to earn money. Sometimes we have to pick and chose our battles.
I suggest having a chore chart in the house with how much money will be given for each chore done. That way they can pick and chose what they want to do and you can list anything you don’t want to do for a higher price.
What Giving Allowances Teach
Allowances can teach children a lot of things. First, it teaches them how much hard work goes into earning any amount of money. It will also teach them how expensive things are in the world when they have to pay for something they want. It will teach them how to save responsibly.
I also don’t know about you, but I feel kids are more inclined to take care of something they bought themselves. If they know how expensive it is and how long it took to get it, they seem to care about it more.
Should kids get allowances is a question parents have asked for many years. It is a question we all ask ourselves. There is no straightforward answer. All we can do is what is best for our family.