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Articles of Interest
Behavior Management
Using Behavior Charts
Reward Ideas
Consequences For Young Kids & Toddlers
When To Negotiate With Kids
Regain Parental Control
Dealing With Defiant Young Kids and Toddlers
Using Natural Consequences
Summer Break Strategies
Create Accountability During Summer Break
Gaining Respect From Kids
Parenting Angry Teens
When Good Kids Misbehave
When Kids Only Act Out At Home
When No Means No
Start Parenting More Effectively
When Kids Ignore Consequences
When Your Kids Ingnore You
Giving Effective Time-Outs
Dealing With Power Struggles Part 1
Avoiding Power Struggles Part 2
Setting Limits With Difficult Kids
How To Stop A Fight
Oppositional Defiant Disorder

Manipulative Behavior
Keep Your Summer Break Peaceful
Summer Survival For Parents
Disciplining Your Two Year Old
How To Stop Kids From Cursing
Inappropriate Soiling
Consequences For Teens
The Truth About Bullies
Stopping A Temper Tantrum

Potty Training

School

Classroom Management

Classroom Management Strategies

First Year Survival

Stop Bullying In Your Classroom

Controlling The Uncontrollable Class

Child Development

Birth to Age Five

Six to Eleven

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Importance Of Play In Child Development

Chores

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Unlocking The Secrets To Good Behavior

Summer Planning For A Child With ADHD

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Managing Holiday Stress

Preventing Parental Burnout

How To Be A Calm Parent

Alternative Families

General Parenting/Family 

Top 5 Parenting Mistakes
Parenting The Child You Have
Gaining Respect From Kids
Perfect Parents Dont Exist
How To Interview A Nanny
When Good Parents Have Difficult Children
Parenting Gifted Children
New Year's Resolutions For Parents
Deciding Appropriate Parenting Rules
Is Your Child A Know-it-all?
Successful Goal Setting
Walking Away From A Fight With Your Child
Creating Accountability In Your Home
Good Cop Bad Cop Parenting
Help Transition Your Kids Through Divorce
Parenting Picky Eaters
When Toddlers Are Picky Eaters
Help Kids Cope With Pet Loss
Great Book Series For Kids
What You Shouldn't Say To Your Kids

Keep Cool When Kids Push Your Buttons

Parenting Your Teen
Helping Kids Adjust To The New Baby
Summer Structure For Kids
Teaching Kids How To Save Money
Selecting The Right Pet
75 Ways To Say Good Job
Getting Kids To Love Reading

Why Boredom Is Good For Kids
Getting Along With Your Preteen
Bedwetting Solutions
Summer Job Ideas For Teens
Halloween Safety Tips
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Autism/Sensory Disorders/Anxiety
Tips To Tackle Tricky Behaviors
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance For Kids?


  

 

Teaching the value of money is crucial to many parents but even more so to children. So many children do not understand the concept of money management. When those same kids hit early adult years, they are lost. For the most part they figure if they have money in their pockets than they are in good shape. One of the greatest gifts you can give your child is the knowledge of how to earn, budget and manage their finances.

Giving your child an allowance is a good way to teach them how to manage money. Teaching money management to kids is an essential component of daily life to assure that your child is ready for the financial world that they will soon face.

 

 

You must determine how the allowance will be earned, distributed and used. Everyone has different ideas as to how allowances should work. Obviously you must decide but below are a few suggestions.

1. The path of least resistance is to give your child an allowance and expect nothing in return. Some parents feel that their child's only job should be going to school and being a kid. Hence they receive an allowance without earning it. That can work but you will need to make sure they do some chores regardless and outside of allowance. Children growing up with no responsibility and no obligations tend to carry that attitude into their adult lives. Even if you firmly believe that a child's life should only be filled with fun and education, you will still want to make sure they learn life is filled with responsibilities and everyone has them, with no exceptions. They also need to learn how to budget their money by saving some and spending the rest.

2. Some parents feel that nothing in this world is free and an allowance should not be either. The child is required to complete certain chores in order to earn their allowance. Very few children are not motivated by money. Motivation is a good course in the direction of accomplishments. Children who have their eye on a prize can ask the parents for possibility of earning extra money but completing additional chores. This method can help the parents by getting those odd jobs done around the house that are put off until last and can teach the child the value of a job well done. If they do the job well, they get paid.

3. Another option is the parent assigns each chore a specific amount of money. Then the child is allowed to choose the chores that they want to complete. The more chores they do the more money that they make. This method is similar to real life in that those who work harder and longer typically make more money. This method allows children to set goals and plan to achieve them.

Now that your child receives an allowance it is important to teach them how to manage it. Incorporate teaching money management through allowances into everyday life. Show them items that are similar to the one they want to purchase that are on sale. Require them to leave the store and think about if they really want that item.  Don't let them take their allowance with them every time they leave the house. There are many different tips to help your child manage their money. The trick is to find what works for you and your child.

by Chris Lowrey
FamilyTimeCharm.com

* Check out our Savings Charts and article about Teaching Kids How To Save Money

 

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