Allowance for kids

Teaching your children how to give, save and spend money all starts with an allowance. But at what age should you start giving? And how much?

I was generally against the conccept of allowance. I wanted my kids to earn money rather than just have it be given to them. Here's why we decided to give our kids allowance that's not tied to chores. Complete with details on when and how much we pay them.

It's a tough question that I struggled with for a long time. Here are my thoughts on giving kids allowance and how I went about doing it.

All things allowance for kids! Read why this simple system works, plus score our free kids allowance tracker printables!

10 Benefits of Giving Kids an Allowance - Homey App for Families

It's a topic that is debated quite frequently around the mom and family blogosphere. Some people are in the camp that doing chores and household tasks is part of being in the family and therefore don't require compensation. Others believe school is a child's "job" and household chores count as extra work. Then there are beliefs all over in between with every type of combination you could imagine.

Oh my gosh - our allowances and chore payments never seems to work! Plus, we have no clue what to pay our kids. Here's how to set up a kid allowance system that will actually work. Maybe my kid will start using his money jars after this... #kids #moneyjars #kidallowancechart #kidallowanceideas #kidallowance #kidallowancesystem #chorecards #allowence https://www.moneyprodigy.com/how-to-create-an-allowance-system-that-actually-works/

A new take on the chore chart, this free allowance tracker is popular because kids only get rewarded for what is done instead of nagging to do chores. This is similar to Dave Ramsey's concept of commission based allowance plan for kids. Give tasks a value and then add it up at the end of the week. #FreePrintables #PurelyPrintables #daveramsaychore #ramsaykidscommission #ResponsibilityTracker #FreeChoreChart #FamilyChores #AllowanceTracker #KidsPayDay #AllowanceChart #commissionsystem

Research shows that giving kids an allowance is beneficial, but it must be set up correctly. Here are 9 mistakes to avoid when giving kids an allowance.

Teaching money management to your kids is important, and doesn't have to be hard! Grab these free kid's budget worksheets and get started.