Allowance

I’ve been a little hung up on the idea of paying my children to do chores. I agree with Dr. Weinstein that children “should do chores as a member of a household.” Additionally, I’d have a problem keeping track of the work done. In that case such a program would be ineffective.

I also like the idea of having them split their allowance 3 ways (save, spend, share). Here is a great homemade piggy bank you can make to help them do this. I plan to make this for my 4 year old. I’m afraid my 2.5 year old is a little young…he might like spending the money, but the other concepts are probably too abstract.

Please share your experience of allowance with the rest of us.