I am a big believer in allowances! We start our children on an allowance at the age of 3. They get $1 a week for each year old they are. We figure if you don't have any money how can you learn to manage it?
One thing I LOVE about our allowance system is that my kids NEVER ask me to buy them anything. Of course we supply their basic needs - food, clothing, shelter, etc..., but when it comes to things they want, they have to save up for them! They completely understand the system and know that the only toys they will get from Mom and Dad will be on their birthdays or Christmas. My oldest son is 13 and I can tell you this system works! Sometimes I have to borrow money from him! LOL
Here are some great free resources I found online to help you make decisions about allowance for your children:
The allowance calculator helps you to calculate how much to pay your kids. Allows you to put in what they are currently getting and what you got at their age. Calculates what kind of purchasing power they have compared to what you had as a child. This is a fun tool!
PayJr is an online chore chart connected to a debit card. You are able to track their chores online and they get rewarded for completing them.
Values Driven Family even has a downloadable chore chart that you can edit and decorate with clip art.
Happy Homeschooling!
~Jamin
This article is from this weeks issue of The Homeschool Minute. If you are interested in getting The Homeschool Minute as well as the Freebie FridayNewsletter you can subscribe for free HERE. I will be passing along FREE goodies for your homeschool each week in both of these newsletters. (Not to mention all the other great info you will get from The Homeschool Minute!)
We have homeschooled our children from the start and we love every minute of it! This is my place to share my thoughts on homeschooling, my kids and living for the Lord. All the while being a little outside the box!!
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"For the wages of sin is death,
but the gift of God is eternal life in Christ Jesus our Lord."
Romans 6:23
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"I have come that they may have life,
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