So how may of you believe in allowances for kids?
And should an allowance be tied to chores?
We take a look at a new spin on allowances in our
One of the most common things that most parents struggle
with are allowances.
Whether or not you give them, and how much, those
kinds of things.
So are allowances important? I think it can be it's
a great way to practice.
Having that economic recession or the economic boom.
That's what we talk about.
I just wrapped up a class in Onalaska and I had many
parents chomping at the bit.
When are we going to talk allowances? So it comes
So what age group do you start talking allowances?
When does it make sense? 5 or 6, something like that.
You know your child best.
I wouldn't go too much earlire than that.
Love and logic looks at alllowances a lot differently
than what we are used to.
You kind of avoid saying chores.
You refer to it more as a contribution.What's the
importance of that? Chores we kind of think of a hired
hand , slave labor so to speak and contributions are
something that you do to become a pivotal point of
To give back.
To help raise you self-esteem.
We don't pay for contributions.
Allowance has nothing to do with the work that they
do to be part of our family.
Allowance, we consider it like free money.
It's like practice money.
So you are going to set a certain amount then.
It's not much.
You are going to decide what that amount of money
And then you also think it's very important timewise
to give it at the same time every week.
In a house I know really well it's Wednesday morning
my kids get a dollar.
How do I know that's enough? Because they look at
me and say, "Awww".
Then I know it's just the right amount.But then you'll
also hear things like " I'm going to save this up."
or "I'm going to spend it." But the key is.
we don't tell them what to do with it.
It's their practice money.
When it's gone, it's gone.There is no more until that
next Wednesday or whatever day you decide.
Are you tying the money to any contributions? or making
sure certain things are done? Not in love and logic.What
they do inside of the family unit , Is because that's
what we do as a family to show love and support.
This allowance is my gift to you.
It's practice money.
The practice for saving it for something or spending
it unwisely, hoping and wishing they had more.
What a great lesson to learn.
When we contantstantly bail our kids out, Well here's
another five dollars or here's 10 more dollars.
We don't allow them to feel that stress of economic
And I think we rob them of that gift.
So this is just an opportunity for them to learn how
to save, how to spend, but at the same time it's not
that they do not have to make contributions to the
family throughout the week.
Think of allowance as extra.
We are not asking them to use their allowance to pay
for their food and their clothing.
This is the extra stuff.
This is the sucker at the circus.
This is renting a movie.
Maybe they want to combine if they are siblings.
But it's the extra above and beyond.
The amount is little, let them spend it or not spend
It's up to them.
A different way to look at allowances.
For more about giving allowances to your kids, you
can always go to our website at news8000.com .